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Assume that Pharoah Company uses a periodic inventory system and has these account balances: Purchases $ 4 1 3 , 8 0 0 , Purchase
Assume that Pharoah Company uses a periodic inventory system and has these account balances: Purchases $ Purchase Returns and Allowances $ Purchase Discounts $ and FreightIn $ Assume also that Pharoah Company has beginning inventory of $ ending inventory of $ and net sales of $
Determine the amounts to be reported for cost of goods sold and gross profit.
Cost of goods sold
Gross profit
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