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Using the data set below, how much is cost of goods sold under the periodic method? Accounts payable 1/31 50,000 Beginning inventory 1/1 60,000
Using the data set below, how much is cost of goods sold under the periodic method? Accounts payable 1/31 50,000 Beginning inventory 1/1 60,000 Ending inventory 1/31 50,000 Freight-in 5,000 Purchases 25,000 Purchase discounts 3,000 Purchase returns & allowances 4,000 Sales 85,000 A. $33,000 B. $47,000 c. $57,000 D. $28,000
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
2nd edition
978-0077403485, 77403487, 73527130, 978-0073527130
