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Unformatted text preview: 12100 Loss due to market decline of inventory 2000 10100 March Sales 35000 COGS 22100 Gross profit 12900 Recovery of loss to reduce inv to mkt 1100 14000 April Sales 40000 COGS 29500 Gross profit 10500 Recovery of loss to reduce inv to mkt 700 11200 (b) 31-Jan Loss due to market inventory 500 allowance 500 28-Feb Loss due to market inventory 2000 allowance 2000 31-Mar Recovery of loss to reduce inv to mkt 1100 allowance 1100 30-Apr Recovery of loss to reduce inv to mkt 700 allowance 700...
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This note was uploaded on 10/21/2010 for the course ECON 1530 taught by Professor Ohly during the Spring '10 term at Dartmouth.
- Spring '10