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Assume P accounts for inventory periodically P's balance in inventory at the beginning of the year is 203 units at $7 each During the year
Assume P accounts for inventory periodically P's balance in inventory at the beginning of the year is 203 units at $7 each During the year o P purchases 1015 units on account for $7 each O P sells 974 units for $13 each At the end of the year a physical count of inventory indicates 225 units remain a. The cost of beginning inventory is: b. The cost of inventory purchases is: C. The cost of ending inventory is: d. The cost of goods sold expense for the year: e. During the year sales revenue is
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