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The Following Data Are Available for One of the Products

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The following data are available for one of the products sold by Paschal Exports, which uses a perpetual inventory system. The following data are available for one of the products sold by Paschal Exports, which uses a perpetual inventory system.   -Refer to the information provided for Paschal Exports. If the FIFO method of inventory costing is used, determine the following amounts: A) Cost of goods sold for the units sold on July 10th B) Ending inventory on July 31st
-Refer to the information provided for Paschal Exports. If the FIFO method of inventory costing is used, determine the following amounts:
A) Cost of goods sold for the units sold on July 10th
B) Ending inventory on July 31st


Definitions:

Square Feet

A measure of area equivalent to a square that is one foot on each side.

Irregularly-shaped

Describing an object or area that lacks a regular or uniform shape.

Random Points

Specific locations or values chosen without any particular pattern, order, or predictability.

Area

The amount of space inside a two-dimensional region, such as a floor; area is measured in square units; the living space in a property.

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