The following amounts were obtained from the accounting records of Wachter Sports Products Inc.: Required: Compute the
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Required:
Compute the missing amounts.
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2010 2011 Net sales Cost of goods sold: (ol $154,810 $ Ibl Beginning inventory Purchases 104,250 Goods available for sale c $127,500 Ending inventory 6,940 104730 $ 28,600 Cost of goods sold Gross margin 38,980
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For 2010 solve in the following order a 28600 104730 133330 ...View the full answer
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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