Question: Initial inventory, purchase, and sales data for portable DVD players are as follows: April 1 inventory 120 units at $39 6 sale 90 units 14

Initial inventory, purchase, and sales data for portable DVD players are as follows:

April 1 inventory 120 units at $39

6 sale 90 units

14 buys 140 units at $40

19 sale 110 units

25 sale 45 units

30 buys 160 units $43

Determine the cost of goods sold for each sale and the inventory balance after each sale.

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