Russell Retail Group begins the year with inventory of $63,800 and ends the year with inventory of
Question:
Purchase of February 17 ........ $292,100
Purchase of May 6 ........... 148,200
Purchase of September 8 ....... 392,800
Purchase of December 4 ........ 92,400
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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