Problem 2 A Gold Medal Sports outlet store began August 2021 with 42 pairs of running shoes that cost the store $31 each The sales price of these shoes was $63 During August, the store completed these inventory transactions Requirements 1 The preceding data are taken from the store's perpetual inventory records Which cost method does the store use 2 Determine the store's cost of goods sold for August Also compute gross profit for August 3 What is the cost of the store's August 31 inventory of running shoes Problem 2 A Gold Medal Sports outlet store began August 2021 with 42 pairs of running shoes that cost the store $31 each The sales price of these shoes was $63 During August, the store completed these inventory transactions Requirements 1 The preceding data are taken from the store's perpetual inventory records Which cost method does the store use 2 Determine the store's cost of goods sold for August Also compute gross profit for August 3 What is the cost of the store's August 31 inventory of running shoes

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Problem   2 A Gold Medal Sports outlet store began August 2021 with 42 pairs of running shoes that cost the store $31 each  The sales price of these shoes was $63  During August, the store completed these inventory transactions  Requirements 1  The preceding data are taken from the store's perpetual inventory records  Which cost method does the store use  2  Determine the store's cost of goods sold for August  Also compute gross profit for August  3  What is the cost of the store's August 31 inventory of running shoes  Problem   2 A Gold Medal Sports outlet store began August 2021 with 42 pairs of running shoes that cost the store $31 each  The sales price of these shoes was $63  During August, the store completed these inventory transactions  Requirements 1  The preceding data are taken from the store's perpetual inventory records  Which cost method does the store use  2  Determine the store's cost of goods sold for August  Also compute gross profit for August  3  What is the cost of the store's August 31 inventory of running shoes

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Problem #2 A Gold Medal Sports outlet store began August 2021 with 42 pairs of running shoes that cost the store $31 each. The sales

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