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Friar Company discloses the following information for the year ended October 31, 2021. Required - Assuming Friar uses a periodic inventory system, prepare the Income
Friar Company discloses the following information for the year ended October 31, 2021. Required - Assuming Friar uses a periodic inventory system, prepare the Income Statement up to Gross Profit. In doing so, prepare the full Cost of Goods Sold section. Based on a physical count, the value of the ending Merehandise Inventory account as of October 31,2021 is $30,900
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