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What is the value of inventory as at May

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Question - Suppose that on May 13, 2019, both Company A and Company B sold inventory with a cost of $35,400. The updated balance of inventory as at May 1 for both companies was $116,500. Company A uses the perpetual inventory system. Company B uses the periodic inventory system and performs an inventory count at the end of each month. What is the value of inventory as at May 13 for each company? What are Value of Inventory on May 13 for Perpetual and Periodic?

Reference no: EM132905787

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