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help please On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following Information is available:
help please 
On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following Information is available: Beginning Inventory, Januaryt $5700 Net sales $57,000 Net purchases: $58,000 The company's gross margin ratio is 15%. Using the gross profit method, the cost of goods sold would be: Milople Choice $5,700 $48.450 $36,050. STO $30.350
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Called To Account Financial Frauds That Shaped The Accounting Profession
Authors: Paul M. Clikeman
3rd Edition
1138327085, 9781138327085
