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The inventory of Dons Grocery was destroyed by a tornado on October 6 of the current year. Fortunately, some of the accounting records were at
The inventory of Dons Grocery was destroyed by a tornado on October 6 of the current year. Fortunately, some of the accounting records were at the home of one of the owners and were not damaged. The following information was available for the period of January 1 through October 6: Beginning inventory, January 1 $ 69,300 Purchases through October 6 372,000 Sales through October 6 535,000
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