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The following amounts were obtained from the accounting records of Steed Company: Required: Compute the missing amounts. 2017 2018 2019 Beginning inventory $9,600 Net purchases
The following amounts were obtained from the accounting records of Steed Company:
Required:
Compute the missing amounts.
| 2017 | 2018 | 2019 | |
| Beginning inventory | $9,600 | ||
| Net purchases | 71,300 | 58,100 | |
| Ending inventory | 11,200 | 13,750 | |
| Cost of goods sold | 44,500 | 49,800 |
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Auditing and Assurance Services An Applied Approach
Authors: Iris Stuart
1st edition
73404004, 978-0073404004
