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A. $95,200 B. $89,600 C. $161,600 D. $94,700 Porches, Inc. sells lawn furniture. Selected financial information for the most recent year follows. Beginning merchandise inventory
A. $95,200
B. $89,600
C. $161,600
D. $94,700
Porches, Inc. sells lawn furniture. Selected financial information for the most recent year follows. Beginning merchandise inventory on January 1 was $33,200. Ending merchandise inventory on December 31 was $36,000. Purchases during the year were $92,400. Selling and administrative expenses were $75,000. Sales for year were $262,100. What was cost of goods sold?
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
