Chapter 6 week 3 E6-26

Chapter 6 week 3 E6-26 - E6­26 Toyota Beginning Inventory...

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Unformatted text preview: E6­26 Toyota Beginning Inventory $ 150,000 Net Purchases $ 800,000 Cost of Goods Available $ 950,000 Estimated cost of Goods Sold: Sales Revenue $ 1,000,000 Lees: Estimated gross profit of 40% $ (400,000) Estimated cost of Goods Sold: $ (600,000) Estimated Cost of ending inventory $ 350,000 ...
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