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The following information is available for November 2018, for Golden Company. Beginning inventory Purchases Purchase return Sales $ 80,000 300,000 20,000 500,000 50,000 25% Sales
The following information is available for November 2018, for Golden Company. Beginning inventory Purchases Purchase return Sales $ 80,000 300,000 20,000 500,000 50,000 25% Sales discount Gross profit percentage of sales Using the gross profit method, the estimated ending inventory is: OA. $50,000 OB. $22,500 OC. $30,000 OD. $85,000
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Cost Accounting A Managerial Emphasis 1
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th Edition
0133803813, 978-0133803815
