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X Company, a merchandiser, prepares monthly financial statements. The following information is for November: Accounts Payable, November 1 $51,343 Accounts Payable, November 30 31,424 Merchandise
X Company, a merchandiser, prepares monthly financial statements. The following information is for November:
| Accounts Payable, November 1 | $51,343 | |
| Accounts Payable, November 30 | 31,424 | |
| Merchandise Inventory, November 1 | 54,680 | |
| Merchandise Inventory, November 30 | 69,873 | |
| Payments of accounts payable | 344,754 | |
Assume that all merchandise purchases were on account. What was Cost of Goods Sold in November?
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Principles Of Knowledge Auditing Foundations For Knowledge Management Implementation
Authors: Patrick Lambe
1st Edition
0262545039, 978-0262545037
