Question: Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item PK95 are as follows: Assuming a perpetual inventory system and using the first-in, first-out

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item PK95 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 July 25 and (b) the inventory on July 31

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