Michael uses its periodic inventory system and the following information is available: Sales $ 62,800 Beginning Inventory

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Michael uses its periodic inventory system and the following information is available:

Sales $ 62,800

Beginning Inventory 10,100

Ending Inventory 8,200

Purchases 49,800

What is the cost of goods sold?

Related Book For answer-question

Financial Accounting

ISBN: 978-0134564142

6th Canadian edition

Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin

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Posted Date: Aug 04, 2023 06:50 AM

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Michael uses its periodic inventory system and the following information is available: Sales $ 62,800 Beginning Inventory

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Step 1 Calculate Cost of Goods Sold COGS The Cost of Goods Sold COGS is a crucial metric for businesses as it represents the direct cost incurred in p... View the full answer

Financial Accounting

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