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A corporation compiled the information given below for their auditor. The corporation uses a periodic inventory system. 2001 2002 Purchases $240 $160 Goods out on
A corporation compiled the information given below for their auditor. The corporation uses a periodic inventory system.
| 2001 | 2002 | |
| Purchases | $240 | $160 |
| Goods out on consignment | 0 | 80 |
| Beginning inventory | 900 | ? |
| Ending inventory | ? | ? |
| Physical inventory count | Unavailable | 240 |
| Cost of goods sold | 360 | ? |
choose the correct option
a- $620
b-$900
c-$700
d-$780
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Audit Skill Management Ref PPAP ISO 9000 And ISO 14000 Series
Authors: FULBODH CHAUDHARY
1st Edition
1520470843, 978-1520470849
