Assume the same information as in BF and also that Hung Company has beginning inventory (in thousands)

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Assume the same information as in BF and also that Hung Company has beginning inventory (in thousands) of W60,000, ending inventor of W90,000 and net sales of W630,000. Determine the amounts to be reported for cost of goods sold and gross profit.

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Financial accounting

ISBN: 978-1118285909

IFRS Edition

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

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Question Posted: Mar 11, 2013 06:32 AM

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Assume the same information as in BF and also that Hung Company has beginning inventory (in thousands)

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Net sales W 630000 Beginning inventory W 6...View the full answer

Financial accounting

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