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The following information is taken from the accounting records of Rapid Runner Inc. for the year 2021 Required: Compute the missing amount Cost of Goods

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The following information is taken from the accounting records of Rapid Runner Inc. for the year 2021 Required: Compute the missing amount Cost of Goods Sold 240 Ending Inventory 150 Sales Freight in 25 Gross Profit Gross Purchases 306 Purchase Discounts Beginning Inventory 153 Purchase Returns 53 106 166

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