E4-4 - 17,250 Cost of merchandise purchased 1,235,150...

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MENISCUS COMPANY Merchandise inventory, July 1, 2007 183,250 Purchases 1,279,600 Less: Purchase returns and allowances 41,200 Purchase discounts 20,500 61,700 Net purchases 1,217,900 Add transportation in
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Unformatted text preview: 17,250 Cost of merchandise purchased 1,235,150 Merchandise available for sale 1,418,400 Less merchandise inventory. December 31, 2010 200,100 Cost of merchandise sold 1,218,300...
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This note was uploaded on 02/23/2012 for the course ACC 101 taught by Professor Jeff during the Spring '12 term at Lansing.

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