Rees Distributors uses the periodic inventory system. Rees reported these amounts at May 31, 2023:

Compute Rees Distributors a. Net sales revenue b. Cost of goods sold c. Gross margin Net sales revenue b. Cost of goods sold We need to use a formula to determine cost of goods sold. First complete the section up to net purchases, and then complete the remainder, as presented. Cost of goods sold Less Net purchases

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Rees Distributors uses the periodic inventory system. Rees reported these amounts at May 31, 2023 : (Click the icon to review the data.) Compute Rees Distributors: a. Net sales revenue b. Cost of goods sold c. Gross margin Net sales revenue b. Cost of goods sold. We need to use a formula to determine cost of goods sold. First complete the section up to net purchases, and then complete the remainder, as presented. Cost of goods sold: Less: Net purchases