Question
The cost of goods sold computations for Wildhorse Company and Blossom Company are shown below. Wildhorse Company Blossom Company Beginning inventory$47,000 $73,000 Cost of goods
The cost of goods sold computations for Wildhorse Company and Blossom Company are shown below.
Wildhorse Company
Blossom Company
Beginning inventory$47,000
$73,000
Cost of goods purchased275,000
756,100
Cost of goods available for sale322,000
829,100
Ending inventory117,000
121,000
Cost of goods sold$205,000
$708,100
Inventory turnover
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Accounting
Authors: Carl S Warren, James M Reeve, Jonathan Duchac
24th Edition
0538475005, 9780538475006
