Soundview Centre uses a periodic inventory system. At the end of 2015, the accounting records include the

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Soundview Centre uses a periodic inventory system. At the end of 2015, the accounting records include the following information:
Inventory dec 31 2014 = 23100

inventory dec 31 2015 = 15900

net sales= 318000

purchases= 183000
Compute the following for 2015:
Cost of goods sold=

Gross profit=

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Financial Accounting

ISBN: 978-0078025556

8th edition

Authors: Robert Libby, Patricia Libby, Daniel Short

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Posted Date: Feb 16, 2024 01:01 AM

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Soundview Centre uses a periodic inventory system. At the end of 2015, the accounting records include the

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Financial Accounting

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