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CAN YOU SOLVE EMERGENCY?CAN YOU SOLVE EMERGENCY?CAN YOU SOLVE EMERGENCY?CAN YOU SOLVE EMERGENCY?CAN YOU SOLVE EMERGENCY?CAN YOU SOLVE EMERGENCY?CAN YOU SOLVECAN YOU SOLVE EMERGENCY?CAN YOU

CAN YOU SOLVE EMERGENCY?CAN YOU SOLVE EMERGENCY?CAN YOU SOLVE EMERGENCY?CAN YOU SOLVE EMERGENCY?CAN YOU SOLVE EMERGENCY?CAN YOU SOLVE EMERGENCY?CAN YOU SOLVECAN YOU SOLVE EMERGENCY?CAN YOU SOLVE EMERGENCY?CAN YOU SOLVE EMERGENCY?CAN YOU SOLVE EMERGENCY?CAN YOU SOLVE EMERGENCY?CAN YOU SOLVE EMERGENCY?CAN YOU SOLVE Sheridan Corp. purchased merchandise during 2020 on credit for $805,000; terms 2/10, n/30. All of the gross liability except $110,000 was paid within the discount period. The remainder was paid within the 30-day term. At the end of the annual accounting period, December 31,2020,90% of the merchandise had been sold and 10% remained in inventory. The company uses a periodic system. What dollar amounts should be reported for the final inventory and cost of goods sold under the net method? Assume that there was no beginning inventory. Amount Reported Final inventory $ Cost of goods sold $

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