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Use the following information to calculate Honest Tea, Inc.'s Cost of Goods Sold for the year. Note: All purchases of inventory are on account. December
Use the following information to calculate Honest Tea, Inc.'s Cost of Goods Sold for the year. Note: All purchases of inventory are on account.
| December 31 Inventory | $15,000 |
| January 1 Inventory | 10,000 |
| Sales during the year | 55,000 |
| December 31 Accounts Payable | 23,000 |
| Purchases of Inventory on Account during the year | 41,000 |
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Strategic Management Theory And Cases An Integrated Approach
Authors: Charles W. L. Hill, Melissa A. Schilling, Gareth R. Jones
13th Edition
0357033841, 978-0357033845
