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Carla Vista Company reported the following information for November and December 2022. November December Cost of goods purchased $539,000 $ 603,000 Inventory, beginning-of-month 138,000
Carla Vista Company reported the following information for November and December 2022. November December Cost of goods purchased $539,000 $ 603,000 Inventory, beginning-of-month 138,000 176,680 Inventory, end-of-month 176,680 ? Sales revenue 848,000 1,000,000 Carla Vista's ending inventory at December 31 was destroyed in a fire. (a) Compute the gross profit rate for November. Gross profit rate
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
