=+Determining cost of obj. 1 For (a) through (d), identify the items designated by X and Y.

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=+Determining cost of obj. 1 For

(a) through (d), identify the items designated by “X” and “Y.”

a. Purchases  (X + Y) = Net purchases.

b. Net purchases + X = Cost of merchandise purchased.

c. Merchandise inventory (beginning) + Cost of merchandise purchased = X.

d. Merchandise available for sale  X = Cost of merchandise sold.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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