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I bought 650 pieces of inventory (let's say I bought books) to resell it and cost me $26000, the shipping cost is $15,000, tax $1400,
I bought 650 pieces of inventory (let's say I bought books) to resell it and cost me $26000, the shipping cost is $15,000, tax $1400, and customs $1300
My question
1- what is the journal entry for this case?
2- what is the cost of each book?
3- The journal entry after selling a book or more ( GOCS ) ?
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