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Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable game players are...

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Accounting

Perpetual Inventory Using FIFO
Beginning inventory, purchases, and sales data for portable game players are as follows:
\table[[Apr.1,Inventory,50 units @ $43],[10,Sale,42 units],[15,Purchase,26 units @ $45],[20,Sale,17 units],[24,Sale,10 units],[30,Purchase,36 units @ $47]]
The business maintains a perpetual inventory system, costing by the first-in, first-out method.
Perpetual Inventory Account
First-in, First-out Method
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