Assume the same information as in BE5-8 and also that Tracy Company has beginning inventory of $60,000,
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Assume the same information as in BE5-8 and also that Tracy Company has beginning inventory of $60,000, ending inventory of $90,000, and net sales of $612,000.
Determine the amounts to be reported for cost of goods sold and gross profit.
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Related Book For 
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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