Financial Accounting Fundamentals
6th Edition
ISBN: 9781260005042
Author: Wild
Publisher: MCG
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Chapter B, Problem 9E
To determine
Identify the cost of automobile.
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Please given correct answer general accounting
Eagle Company had a $26,000 beginning inventory and a $29, 000 ending inventory. Net sales were $153, 000; purchases, $78,000;
purchase returns and allowances, $3,000; and freight in, $7,000. Cost of goods sold for the period is $79,000.
What is Eagle's gross profit percentage? (Rounded to the nearest percentage.)
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Financial Accounting Fundamentals
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