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Beginning inventory
$150
$70
$1,000
( j )
Purchases
1,600 1,080
( g )
43,590
Purchase Returns & allowances
40
( d )
290
( k )
Net purchases
( a )
1,030
6,210
41,090
Freight-in
110
( e )
( h )
2,240
Cost of goods purchased
( b )
1,280
7,940
( l )
Cost of goods available for sale
1,820 1,350
( i )
49,530
Ending inventory
310
( f )
1,450
6,230
Cost of goods sold
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Unformatted text preview: ( c ) 1,230 7,490 43,300 (a) = 1600-40 = 1560 (b) = 1560+110 = 1670 (c) = 1820-310= 1510 (d)= 1080-1030= 50 (e) = 1280-1030= 250 (f) = 1350-1230 = 120 (g) = 6210+290=6500 (h) = 7940-6210= 1730 (i) = 1000+7940 = 8940 (j)=49530-43330= 6200 (k)= 43590-41090=2500 (l)=41090+2240 = 43330...
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- Spring '11
- Monroe
- Accounting, allowances Net Purchases, Purchases Purchase returns
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