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A corporation compiled the information given below for their auditor. The corporation uses a periodic inventory system. 1 -:43:14 2001 2002 Purchases $240 $160 Goods

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A corporation compiled the information given below for their auditor. The corporation uses a periodic inventory system. 1 -:43:14 2001 2002 Purchases $240 $160 Goods out on consignmento 80 Beginning inventory 900 ? Ending inventory ? Physical inventory count Unavailable 240 Cost of goods sold 360 2 nt

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