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eBook Cost of Merchandise Sold and Related Items The following data were extracted from the accounting records of Harkins Company for the year ended April
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Cost of Merchandise Sold and Related Items
The following data were extracted from the accounting records of Harkins Company for the year ended April :
Merchandise inventory, May Y
Merchandise inventory, April Y
Purchases
Purchases returns and allowances
Purchases discounts
Sales
$
Freight in
a Prepare the cost of merchandise sold section of the income statement for the year ended April Y using the periodic inventorv
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