Beginning inventory, purchases, and sales for Item CSW15 are as follows: August 1 Inventory 101...
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Accounting
Beginning inventory, purchases, and sales for Item CSW15 are as follows:
August 1 Inventory 101 15
9 Sale 92
16 Purchase 133 25
25 Sale 75
Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine the inventory value on August 31.
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