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dates are not given, we use December 31, 2019 I assume Instructions General Journal GENERAL JOURNAL Printer Supply Company sells computer printers and POST. REF.
dates are not given, we use December 31, 2019 I assume
Instructions General Journal GENERAL JOURNAL Printer Supply Company sells computer printers and POST. REF. printer supplies. One of its products is a toner cartridge DEBIT CREDIT DATE ACCOUNT TITLE 1 for laser printers. At the beginning of 2019, there were 225 cartridges on hand at a cost of $62 each. During 2019, Printer Supply purchased 1,475 cartridges at $62 3 each, sold 830 cartridges at $95 each, and sold an additional 710 cartridges at $102 each after a midyear selling price increase. Printer Supply returned 15 addition defective cartridges to the supplier. customers returned 20 cartridges that were purchased 7 at $102 to Printer Supply for various reasons. Assume 8 that Printer Supply uses a periodic inventory system Final Question 2. What is the cost of ending inventory, cost of goods sold, and gross profit for 2019? Enter all amounts as a positive number. Cost of Ending Inventory Cost Goods Sold Gross ProfitStep by Step Solution
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