$#a(c(c*$ - E 8-17(FIFO and LIFO\u2014Periodic and Perpetual The following is a record of Pervis Ellison Company's transactions for Boston Teapots for the

$#a(c(c*$ - E 8-17(FIFO and LIFOu2014Periodic and...

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E 8-17(FIFO and LIFO—Periodic and Perpetual) The following is a record of Pervis Ellison Company's transactions for Boston Teapots for the month of May 2012.May 1 Balance 400 units @ $20 ---- May 10 Sale 300 units @ $3812 Purchase 600 units @ $25 ---- 20 Sale [email protected] $3828 Purchase 400 units @ $30 ----Instructions(A) Assuming that perpetual inventories are not maintained and that a physical

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