The Playa Company uses a periodic inventory system. The following information is taken from Playa's records. Certain

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The Playa Company uses a periodic inventory system. The following information is taken from Playa's records. Certain data have been intentionally omitted. ($ in thousands)

Required:
Determine the missing numbers. Show computations whereappropriate.

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Intermediate Accounting

ISBN: 978-0077400163

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Question Posted: Jul 02, 2013 05:52 AM

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The Playa Company uses a periodic inventory system. The following information is taken from Playa's records. Certain

Question:

201120122013 225 627 621 ? 225 216 Beginning inventory Cost of goods sold Ending inventory Cost of goods available for sale 876800 Purchases (gross] Purchase discounts Purchase returns Freight-in 630 585 24 30 14 13 32 16

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Net purchases Purchasesgross Purchase returns Purchase discounts Freightin Beginning inventory Net p...View the full answer

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