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Consider the following for the year 2112: Inventory, beginning: $87,000 Inventory, ending: $37,000 Purchases: $356,000 Purchases returns: $14,000 Purchases discounts: $8,000 Freight-in: $27,000 Freight-out: $35,000
Consider the following for the year 2112:
- Inventory, beginning: $87,000
- Inventory, ending: $37,000
- Purchases: $356,000
- Purchases returns: $14,000
- Purchases discounts: $8,000
- Freight-in: $27,000
- Freight-out: $35,000
Assuming all accounts have normal balances, what is cost of goods sold for the year 2112? (Enter whole numbers only.)
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
