How to calculate amounts for the perpetual inventory record

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Reference no: EM132716819

Question: Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory using the first-in, first-out method. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column.

How to calculate the amounts for the perpetual inventory record.

Reference no: EM132716819

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