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Blossom Company reported these income statement data for a 2-year period. Blossom Company uses a periodic inventory system. The inventories at January 1, 2024, and
Blossom Company reported these income statement data for a 2-year period. Blossom Company uses a periodic inventory system. The inventories at January 1, 2024, and December 31, 2025, are correct. However, the ending inventory at December 31,2024 , is overstated by $7,380. Sales revenue Cost of goods sold Beginning inventory Cost of goeds prchased Cost of goods available for sale Less: Ending imventory Cost of goods spld Grossprofit
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