Beginning Inventory, purchases, and sales for Item ACC501-100 are as follows: Assuming a perpetual inventory...
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Accounting
Beginning Inventory, purchases, and sales for Item ACC501-100 are as follows: Assuming a perpetual inventory system: a) Calculate the cost of merchandise sold for March using the first-in, first-out (FIFO) method. b) Calculate the cost of ending inventory on March 31 using the first-in, first-out (FIFO) method
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