For (a) through (e), identify the items designated by X and Y. a. Purchases 2 (X +

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For (a) through (e), identify the items designated by X and Y.

a. Purchases 2 (X + Y) = Net purchases

b. Net purchases + X = Cost of inventory purchased

c. Inventory (beginning) + Cost of inventory purchased = X

d. Inventory available for sale 2 X = Cost of inventory before estimated returns

e. Cost of goods sold before estimated returns 2 X = Cost of goods sold

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Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Aug 06, 2019 08:41 AM

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For (a) through (e), identify the items designated by X and Y. a. Purchases 2 (X +

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Financial And Managerial Accounting

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