In the following separate mini cases, using a periodic inventory system, identify the item(s) designated by letter.

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(a) Purchases $-\mathrm{X}-\mathrm{Y}=$ Net purchases.

(b) Cost of goods purchased - Net purchases $=X$.

(c) Beginning inventory $+X=$ Cost of goods available for sale.

(d) Cost of goods available for sale - Cost of goods sold $=$ X.

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 13, 2024 02:09 AM

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In the following separate mini cases, using a periodic inventory system, identify the item(s) designated by letter.

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Financial Accounting

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