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6. Blue Company's accounting records show the following at the year ending on December 31, 2020: - Purchase Discounts Freight - In Purchases Beginning
6. Blue Company's accounting records show the following at the year ending on December 31, 2020: - Purchase Discounts Freight - In Purchases Beginning Inventory Ending Inventory Purchase Returns $ 15,000 (12,500) 425,000 40,000 (50,000) (10,000) Using the periodic system, the cost of goods sold is a. $390,000. b. $402,500. c. $415,000. d. $425,000. 800.
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Fraud Examination
Authors: W. Steve Albrecht, Chad O. Albrecht, Conan C. Albrecht, Mark F. Zimbelman
5th edition
1305079140, 978-1305079144
