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The following data concerning the retail inventory method are taken from the financial records of Welch Company. Cost Retail Beginning inventory $ 147,000 $ 210,000
The following data concerning the retail inventory method are taken from the financial records of Welch Company.
| Cost | Retail | |||
| Beginning inventory | $ 147,000 | $ 210,000 | ||
| Purchases | 672,000 | 960,000 | ||
| Freight-in | 18,000 |
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Auditing For Dummies
Authors: Maire Loughran
1st Edition
0470530715, 978-0470530719
