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Exercise 5-23 (book/static) Question Help Rees Distributors uses the periodic inventory system. Rees reported these amounts at May 31, 2020 (Click the icon to review
Exercise 5-23 (book/static) Question Help Rees Distributors uses the periodic inventory system. Rees reported these amounts at May 31, 2020 (Click the icon to review the data.) Compute Rees Distributors' a. Net sales revenue b. Cost of goods sold c. Gross margin i Accounts a. Net sales revenue. Use the format below calculate net sales revenue. 31.000 Less: Inventory, May 31, 2019........$ 29,000 Inventory, May 31, 2020 ........ Purchases (of inventory) 82,000 Purchase Discounts 2.000 Purchase Retums......... 3.000 Freight-in....... 4.000 Sales Revenue 200.000 Sales Discounts ........ 13,000 Sales Returis ...... 15,000 Net sales revenue Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? 3 parts remaining - Cheek drowe Clear All Check Answer Rees Distributors uses the periodic inventory system. Rees reported these amounts at May 31, 2020- (Click the icon to review the data.) Compute Rees Distributors': a. Net sales revenue b. Cost of goods sold c. Gross margin a. Net salus revenue. Use the format below calculate net sales revenue Less: Net sales revenue Choose from any list or enter any number in the input fields and then click Check Answer. ? parts 3 remaining - Clear All Check Answer Check
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