Question: Armstrong Creation uses a periodic inventory system. During the current year, the company had purchases of $245,000. You are to compute the cost of goods

Armstrong Creation uses a periodic inventory system. During the current year,

Armstrong Creation uses a periodic inventory system. During the current year, the company had purchases of $245,000. You are to compute the cost of goods sold under each of the following alternative assumptions: A. No beginning inventory, ending inventory $18,000 B. Beginning inventory $15,000, no ending inventory

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