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ACCT 4022 - Advanced Accounting Assignment

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ACCT 4022 Advanced Accounting Assignment - Louisiana State University, USA

Problem - Company had the following account balances at the end of the current accounting period:

Beginning inventory $73,000

Net purchases 58,250

Net sales revenue 87,500

Required - The normal gross profit for the company is $45%. What was the company's estimated cost of goods sold for the accounting period?

Reference no: EM132459030

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