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The Records of Jimmy Company Show 2019 Purchases of $90,000

Question 107

Essay

The records of Jimmy Company show 2019 purchases of $90,000.An actual count revealed a 2019 ending inventory of $8,000.The 2019 beginning inventory was $5,000.What was cost of goods sold for 2019?

Correct Answer:

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Cost of goods sold = $87,000 =...

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