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Question # 7 Revisit The following costs were among those incurred by Woodcroft Corporation during 2007: Merchandise purchased for resale $500,000, Salesmen's commissions 40,000, and

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Question # 7 Revisit The following costs were among those incurred by Woodcroft Corporation during 2007: Merchandise purchased for resale $500,000, Salesmen's commissions 40,000, and Interest on notes payable to vendors 5,000. How much should be charged to the cost of the merchandise purchases

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