Emmy Company uses a periodic inventory system. On December 31, 2018. Emmy counts its inventory and determines
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Emmy Company uses a periodic inventory system. On December 31, 2018. Emmy counts its inventory and determines that it has $72,000 of inventory on hand. On December 31, 2017, inventory was $106,000. Emmy made inventory purchases totaling $78,000 during the year. What is Emmy's cost of goods sold in 2018?
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Related Book For 
Intermediate Accounting
ISBN: 978-0134730370
2nd edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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