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1. Company uses periodic inventory system and some information about the company such as: Inventory on hand on 31 December 2018 is $6.000 During 2019,
1. Company uses periodic inventory system and some information about the company such as:
Inventory on hand on 31 December 2018 is $6.000
During 2019, purchases of merchandise is $10.000
Inventory on hand on 31 December 2019 is $400
Please compute the Cost of Goods sold for 2019 and make required journal entry on December 31, 2019.
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Corporate Finance Demystified
Authors: Troy Adair
1st Edition
0071459103, 9780071459105
