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Determine the inventory value on August

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Question - Beginning inventory, purchases, and sales for item CSW15 are as follows: August 1 inventory 103 16 9 Sale 92  16 purchase 126 19 25 Sale 83.

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

Reference no: EM132686612

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