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Please help me calculate the D- Costs of goods sold expense for the year. Please show step by step on how to solve the problem.
Please help me calculate the D- Costs of goods sold expense for the year.
Please show step by step on how to solve the problem.
Thank you!
Assume P accounts for inventory periodically P's balance in inventory at the beginning of the year is 265 units at $15 each During the year o P purchases 1325 units on account for $15 each op sells 1018 units for $31 each At the end of the year a physical count of inventory indicates 570 units remain a. The cost of beginning inventory is: 3975 b. The cost of inventory purchases is: 19875 c. The cost of ending inventory is: 8550 d. The cost of goods sold expense for the year: 15270 e. During the year sales revenue is: 31558Step by Step Solution
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