Acct 200 Chap 6 Practice problems B. Assume that Toyland store bought and sold a...
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Accounting
Acct 200 Chap 6 Practice problems B. Assume that Toyland store bought and sold a line of dolls during December as follows: Dec. 1 Beginning merchandise inventory 8 Sale 14 Purchase 21 Sale 11 units @ $10 each 4 units @ $18 each 17 units$15 each 12 units @ $21 each Compute the cost of goods sold, cost of nding merchandise inventony, and gross proft sing the uro inventor costng methoo Cost of Goods Sold Inventory on Hand Purchases Unit Unit QuantityCost Unit Total Cost Total Cost Date Quantity Cost Total Cost QuantityCost Dec. 1 14 21 Totals
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