Calculate Cost of Goods Sold for Ralph's Sporting Goods, a merchandising company, given the following information: Advertising
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Calculate Cost of Goods Sold for Ralph's Sporting Goods, a merchandising company, given the following information:
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Advertising expense...... $ 25,000 Purchases of merchandise............ 400,000 Salaries expense.... 80,000 Freight-in and import duties. ................ 20,000 Lease of store...... 75,000 Beginning inventory. 35,000 Ending inventory. 38,000
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