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B Volvo Company uses Perpetual Inventory System. The following information is available for the month of March:
Mar. 1 Beginning inventory 200 units @$10
Mar. 5 Purchased 80 units @$15
Mar. 10 Sold 120 units @$30
Mar.15 Purchased 140 units @$20
Mar.25 Sold 100 units @$30
Required:
Prepare perpetual inventory record for Volvo Company using FIFO inventory costing method.
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