Question: PE 7-2A Perpetual inventory using FIFO OBJ. 3 Beginning inventory, purchases, and sales for Item Copper are as follows: Assuming a perpetual inventory system and

PE 7-2A Perpetual inventory using FIFO OBJ. 3 Beginning inventory, purchases, and sales for Item Copper are as follows: Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on March 25 and (b) the inventory on March 31

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