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In the following cases, use a periodic inventory system to identify the correct item(s). (a) Purchases- Cost of goods purchased - Net purchases- =
In the following cases, use a periodic inventory system to identify the correct item(s). (a) Purchases- Cost of goods purchased - Net purchases- = Net purchases. (b) (c) Beginning inventory+ v -Cost of goods available for sale. (d) Cost of goods available for sale - Cost of goods sold- Ending inventory
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