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On January 1, 2020, Scott Enterprises inventory of 50,000. At December 31, 2020, Scott had the following account balances. Prepare cost of goods sold section.

On January 1, 2020, Scott Enterprises inventory of Â£50,000. At December 31, 2020, Scott had the following account balances. Prepare cost of goods sold section. Compute various income statement items....

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