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Waterway Shoe Store uses a periodic inventory system and began the period with a beginning inventory of $45200. During the period, purchases were $196000; purchase
Waterway Shoe Store uses a periodic inventory system and began the period with a beginning inventory of $45200. During the period, purchases were $196000; purchase returns, $5700; and freight-in $14400. A physical count of inventory at the end of the period revealed that $29400 was still on hand. The cost of goods available for sale was $190300. $204700. $220500. O $249900
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