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Sheridan Corporation's accounting records show the following at year-end December 31, 2025: Assuming that Sheridan Corporation uses the periodic system, compute (a) cost of goods

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Sheridan Corporation's accounting records show the following at year-end December 31, 2025: Assuming that Sheridan Corporation uses the periodic system, compute (a) cost of goods purchased and (b) cost of goods soid. (a) Cost of goods purchased (b) Cost of goods sold

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