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The following information was obtained from the accounting records of Junie Company. Compute the missing amounts. 2019 $459,680 Net sales Cost of goods sold: Beginning

The following information was obtained from the accounting records of Junie Company. Compute the missing amounts. 2019 $459,680 Net sales Cost of goods sold: Beginning inventory $48,235 Purchases Goods available for sale Ending inventory Cost of goods sold Gross margin (35,768) $115,458 2020 $549,750 325,467 (287,655)

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