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Our company uses the periodic method of accounting for inventory. Given the following. Beginning Inventory .. Discounts for quick payment on purchases Ending inventory Purchases
Our company uses the periodic method of accounting for inventory. Given the following. Beginning Inventory .. Discounts for quick payment on purchases Ending inventory Purchases ..... Returns of purchases ... Transportation-in .. 750,000 35,000 680,000 1,950,000 120,000 6,000 Calculate the cost of goods sold. Show each item above on a separate line, for partial credit, as needed
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