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MJ Corporation physical count of merchandise inventory as of December 31, 2021 was 60% of the physical count as of December 31, 2020. Assuming as
MJ Corporation physical count of merchandise inventory as of December 31, 2021 was 60% of the physical count as of December 31, 2020. Assuming as of December 31, 2021 the value of merchandise inventory was 300,000 and the net purchases for the whole year 2021 was 900,000.
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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
