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A number of expense items were erroneously included in cost of goods sold (but not in ending inventory) b. Times are good, sales are up;
A number of expense items were erroneously included in cost of goods sold (but not in ending inventory) b. Times are good, sales are up; relatively, a higher percentage of customers are paying their accounts Although sales for the year were the same as in the preceding year, inventory is a bit higher than normal because December's sales were lower than expected. a. C
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