Question
Sarasota Company, (a merchandising Co.) has the following data pertaining to the year ended December 31, 2006: Purchases $ 460,000 Beginning inventory 175,000 Ending inventory
| Sarasota Company, (a merchandising Co.) has the following data pertaining to the year ended December 31, 2006: |
| Purchases | $ | 460,000 |
| Beginning inventory | 175,000 | |
| Ending inventory | 218,200 | |
| Freight-in | 51,000 | |
| Freight-out | 76,500 |
| What is the cost of goods sold for the year? |
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Continuous Auditing A Complete Guide
Authors: Gerardus Blokdyk
2019th Edition
0655540318, 978-0655540311
