Question
1. White Oak Company had a beginning inventory of $2,900 and purchases of $9,600. If ending inventory was $6,100, what was Cost of Goods Sold?
1. White Oak Company had a beginning inventory of $2,900 and purchases of $9,600. If ending inventory was $6,100, what was Cost of Goods Sold?
2. Binder Corporation had Sales of $23,000 and gross margin of $11,900. If ending inventory was $6,000, what was amount of Goods Available for Sale?
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
8th Edition
9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292
