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Felix Company reported the following year-end amounts: Net Sales $52,500 Beginning Inventory 10,650 Net Cost of Purchases 32,750 Ending Inventory ? Cost of Goods Sold
Felix Company reported the following year-end amounts: Net Sales $52,500 Beginning Inventory 10,650 Net Cost of Purchases 32,750 Ending Inventory ? Cost of Goods Sold ? Gross Profit 21,760 What is Felix Company's Ending Inventory and Cost of Goods Sold for the year?
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
