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On September 1 , Metlock Office Supply had an inventory of 3 1 calculators at a cost of $ 2 3 each. The company uses
On September Metlock Office Supply had an inventory of calculators at a cost of $ each. The company uses a perpetual inventory system. During September, the following transactions occurred.
Sept. Purchased calculators at $ each from Danny Co for cash.
Paid freight of $ on calculators purchased from Danny Co
Returned calculators to Danny Co for $ credit including freight because they did not meet specifications.
Sold calculators costing $ and costing $ including freight for $ each to Great Big Book Store, terms
Granted credit of $ to Great Big Book Store for the return of one calculator that was not ordered Cost $
Sold calculators costing $ for $ each to Bush's Card Shop, terms What is the gross profit
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