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    RyanJ26's Avatar
    RyanJ26 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 3, 2007, 10:37 AM
    Accounting Homework?
    If a company has a trial balance including these accounts: Merchandise inventory $17,500; Purchases $149,400; Sales $200,000; Freight-in $4,000; Sales Returns & Allowances $4,000; Freight-out $1,000; and Purchase Returns & Allowances $2,000. The ending merchandise inventory is $25,000.
    How would I prepare a cost of goods section?:confused: :confused:
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #2

    Feb 3, 2009, 05:38 PM

    Try it!
    See what you can do.
    Let us have a look.
    We shall try and correct your effort.
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