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2. Using the data below, calculate the cost of merchandise sold. Beginning inventory, $1,000 . Inventory purchased, $3,000 Net Income, $40,000 Ending inventory, $2,000
2. Using the data below, calculate the cost of merchandise sold. Beginning inventory, $1,000 . Inventory purchased, $3,000 Net Income, $40,000 Ending inventory, $2,000 Sales, $185,000 . a. $2,000 b. $4,000 c. $185,000 d. $145,000
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
1285868781, 978-1285868783
