Question
If Twiggz's statement of earnings showed cost of goods sold at $78,000, purchases of $80,000, freight-in at $300, purchase returns of $500 and end-of-the period
If Twiggz's statement of earnings showed cost of goods sold at $78,000, purchases of $80,000, freight-in at $300, purchase returns of $500 and end-of-the period inventory at $11,900, its beginning-of-the-period-inventory must have been:
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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 1
1119048508, 978-1119048503
