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Periodic Inventory by Three Methods; Cost of Merchandise Sold The units of an item available for sale during the year were as follows: 1 Inventory 50…
Periodic Inventory by Three Methods; Cost of Merchandise Sold
The units of an item available for sale during the year were as follows:
Jan. 1 Inventory 50 units @ $98
Mar. 10 Purchase 60 units @ $106
Aug. 30 Purchase 20 units @ $110
Dec. 12 Purchase 70 units @ $114
There are 40 units of the item in the physical inventory
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