Question
Alpha had ending inventory of $2 million, net purchases of $4 million, beginning inventory of $6 million, and a gross profit percent of 20%. Using
Alpha had ending inventory of $2 million, net purchases of $4 million, beginning inventory of $6 million, and a gross profit percent of 20%. Using the periodic inventory system, how much was Alpha's net sales?
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, J. Mather
8th Edition
0470929383, 978-0470929384
