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the income statement of pine supplies ltd includes the items net sales 1200000 gross profit on sales 480000 beginning inventory 150000 discount received 22500 purchase
the income statement of pine supplies ltd includes the items net sales 1200000 gross profit on sales 480000 beginning inventory 150000 discount received 22500 purchase returns and allowances 12000 freight-in 15000 operating expenses 450000 purchases 780000 how much is ending inventory? with calculations prepare the cost of goods sold of pine supplies ltd's income statement
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