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The following information is available for November 2018, for Golden Company. Beginning inventory Purchases $ 80,000 300,000 Purchase return 20,000 Sales 500,000 Sales discount
The following information is available for November 2018, for Golden Company. Beginning inventory Purchases $ 80,000 300,000 Purchase return 20,000 Sales 500,000 Sales discount 50,000 Gross profit percentage of sales 25% Using the gross profit method, the estimated ending inventory is: OA. $22,500 SOB. $50,000 OC. $30,000 OD. $85,000
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Financial Statement Analysis
Authors: K. R. Subramanyam, John Wild
11th edition
78110963, 978-0078110962
