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Determine the cost of the merchandise sold for the september

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Question - Beginning inventory, purchases, and sales for Product XCX are as follows:

Sept. 1 Beginning Inventory 26 units at $13

5 Sale 13 units

17 Purchase 28 units at $15

30 Sale 14 units

Assuming a perpetual inventory system and the last-in, first-out method, determine (a) the cost of the merchandise sold for the September 30 sale and (b) the inventory on September 30.

Reference no: EM132955170

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