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Calculate the cost of goods available for sale using the following data: Purchase P 80,000 Transportation In 3,000 3, 200 Purchase Returns and Allowances Beginning Inventory 31,000 Purchase Discounts 2,100

Calculate the cost of goods available for sale using the following data: Purchase P 80,000 Transportation In 3,000 3, 200 Purchase Returns and Allowances Beginning Inventory 31,000 Purchase Discounts 2,100

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Learning Task 1: Calculate the cost of goods available for sale using the following data: Purchase P 80,000 Transportation In 3,000 Purchase Returns and Allowances Beginning Inventory 3, 200 31,000 2,100 Purchase Discounts
Transcribed Image Text:Learning Task 1: Calculate the cost of goods available for sale using the following data: Purchase P 80,000 Transportation In 3,000 Purchase Returns and Allowances Beginning Inventory 3, 200 31,000 2,100 Purchase Discounts
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