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2. The following information is available for Sky Company: Purchase discount Ending Inventory Purchases $4,000 36,000 29,000 Freight In Purchase Returns and Allowances Beginign Inventory

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2. The following information is available for Sky Company: Purchase discount Ending Inventory Purchases $4,000 36,000 29,000 Freight In Purchase Returns and Allowances Beginign Inventory $30,000 15,000 45,000 a. Calculate cost of goods sold. - Show your calculations to earn full grade (20 points)

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