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Perpetual Inventory system
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How is the cost of goods calculated using the perpetual inventory accounting system
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Nagle company purchased $2,500 worth of merchandise, terms n/30, from the Crafton Co on June 4. The cost of the merchandise to Crafton was $1800. On June 10, Nagle returned $350 worth of goods to Crafton for full credit. The goods had a cost of $225 to Crafton. On June 12, the account was paid... View more questions Search
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