lf the cost of purchases 130 000 lD., sales revenue 200 000 lD.,beginning inventory 20 000 lD.,sales discount 25 000 lD.,sales returns 50 000 lD.,ending inventory 25 000 lD . , the cost of goods sold are :- * 220 000 lD. 195 000 lD . 125 000 lD . 70 000 lD .
lf the cost of purchases 130 000 lD., sales revenue 200 000 lD.,beginning inventory 20 000 lD.,sales discount 25 000 lD.,sales returns 50 000 lD.,ending inventory 25 000 lD . , the cost of goods sold are :- * 220 000 lD. 195 000 lD . 125 000 lD . 70 000 lD .
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter13: Accounting For Merchandise Inventory
Section: Chapter Questions
Problem 4CE: Kulsrud Company would like to estimate the current inventory level. Using the gross profit method...
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lf the cost of purchases 130 000 lD., sales revenue 200 000 lD.,beginning inventory 20 000 lD.,sales discount 25 000 lD.,sales returns 50 000 lD.,ending inventory 25 000 lD . , the cost of goods sold are :- *
220 000 lD.
195 000 lD .
125 000 lD .
70 000 lD .
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