Question
Retail Store, Inc. uses the periodic inventory system. Below is information for 2019. Sales $1,325,000 Beginning inventory 340,000 Purchases 586,000 Purchase returns 6,000 Freight-in 14,000
Retail Store, Inc. uses the periodic inventory system. Below is information for 2019.
Sales $1,325,000
Beginning inventory 340,000
Purchases 586,000
Purchase returns 6,000
Freight-in 14,000
Cost of goods sold 564,000
Ending inventory for 2019 is
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Accounting Principles Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
9th Canadian Edition
978-1119786818, 1119786819
