Russell Retail Group begins the year with inventory of $ 55,000 and ends the year with inventory
Question:
Purchase on February 17 ......... $ 210,000
Purchase on May 6 ............ 130,000
Purchase on September 8 ......... 160,000
Purchase on December 4 .......... 410,000
Required:
Calculate cost of goods sold for the year.
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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