FINANCIAL ACCOUNTING (LOOSELEAF)
FINANCIAL ACCOUNTING (LOOSELEAF)
18th Edition
ISBN: 9781260706239
Author: williams
Publisher: MCG
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Chapter 6, Problem 4E

a.

To determine

Compute the cost of goods sold of the company at the year end under perpetual inventory system.

b.

To determine

Calculate the ending merchandise inventory of the company under perpetual inventory system.

c.

To determine

Compute the balance of cost of goods sold account and merchandise inventory account immediately prior to recording of inventory shrinkage.

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FINANCIAL ACCOUNTING (LOOSELEAF)

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