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SOLVED: FIFO Perpetual InventoryThe beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 are as follows:Date Transaction Number per Total Of units unitJan. 1 Inventory 7,500 75.00 562,500Jan. 10 Purchase 22,500 85.00 1,912,500 Jan. 28 Sale 11,250 150.
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