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Determine the inventory value on november

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Reference no: EM132700545

Question - Beginning inventory, purchases, and sales for item MMM8 are as follows:

November 1 Inventory 107 15

9 Sale 94 16

Purchase 125 12

25 Sale 77.

Assuming a perpetual inventory system and using the last-in, first-out (FIFO) method, determine the inventory value on November 30.

Reference no: EM132700545

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