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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
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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