Calculate Cost of Goods Sold: Freight-In....................$3 Ending Inventory ..........$ 2 Beginning Inventory........6 Net Purchases...............65
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Freight-In....................$3
Ending Inventory..........$ 2
Beginning Inventory........6
Net Purchases...............65
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...
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Related Book For 
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
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