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    grizzly5's Avatar
    grizzly5 Posts: 1, Reputation: 1
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    #1

    Aug 30, 2013, 08:55 PM
    Prepare a schedule to compute Raynolde's cost of goods sold for 2013
    Periodic Inventory System : Raynolde's company uses a periodic inventory system. At the end of 2013 the following information is available:

    Purchase returns and allowances $1,400

    Inventory, 12/31/2013 $11,900
    Purchases $21,200
    Inventory, 1/1/2013 $10,800
    Purchase discounts $600
    odinn7's Avatar
    odinn7 Posts: 7,691, Reputation: 1547
    Entomology Expert
    		  
    #2

    Aug 30, 2013, 09:04 PM
    False
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