Assume the same information as in BE5-7 and also that Roshek Company has a A profit. beginning
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Assume the same information as in BE5-7 and also that Roshek Company has a A profit. beginning inventory of $60,000, ending inventory of $90,000, and net sales of $650,000.
Determine the amounts to be reported for cost of goods sold and gross profit.
Calculate profitability ratios. |
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9780471730514
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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