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Company A Company B Company C Sales revenue $ $343,000 $530,000 Beginning inventory 50,700 89,000 Net purchases 190,800 255,400 Ending inventory 50,300 118,800 62,600 Cost
Company A Company B Company C Sales revenue $ $343,000 $530,000 Beginning inventory 50,700 89,000 Net purchases 190,800 255,400 Ending inventory 50,300 118,800 62,600 Cost of goods sold 434.400 Gross profit 88,800 127,000 Operating expenses 48,300 49,400 Income before taxes 19.100
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
