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What the inventory value on August

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Reference no: EM132815101

Question - Beginning inventory, purchases, and sales for Item CSW15 are as follows:

August 1 Inventory 108 15

August 9 Sale 92

August 16 Purchase 125 27

August 25 Sale 84

Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, what the inventory value on August 31.

Reference no: EM132815101

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