Assume that Oriole Company uses a periodic inventory system and has these account balances: Purchases $412,000; Purchase
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Assume that Oriole Company uses a periodic inventory system and has these account balances: Purchases $412,000; Purchase Returns and Allowances $12,000; Purchase Discounts $7,700; and Freight-in $16,200. Oriole Company has beginning inventory of $62,300, ending inventory of $92,600, and net sales of $645,900. Determine the amounts to be reported for cost of goods sold and gross profit
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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