13   Tulsa Company, (a merchandising co.) has the following data pertaining to the year ended December 31, 2019: (CPA adapted)           Purchases $ 450,000   Beginning inventory   170,000   Ending inventory   210,000   Freight-in   50,000   Freight-out   75,000       What is the cost of goods sold for the year?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Tulsa Company, (a merchandising co.) has the following data pertaining to the year ended December 31, 2019: (CPA adapted)
 

       
Purchases $ 450,000  
Beginning inventory   170,000  
Ending inventory   210,000  
Freight-in   50,000  
Freight-out   75,000  
 

 
What is the cost of goods sold for the year?

 

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