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Graham Supply Company had beginning inventory for the year of $11,000. During the year, the company purchased inventory for $150,000 and ended the year with
Graham Supply Company had beginning inventory for the year of $11,000. During the year, the company purchased inventory for $150,000 and ended the year with $13,000 of inventory. How much should the company report for Cost of Goods Sold for the year? Multiple Choice $174,000 Step by Step Solution
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 2
1119048540, 978-1119048541
