BOSTON COMPANY Inventory January 1 Purchases Mark-ups Cost 5 Retail Price S 500 20,000 1,000...
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BOSTON COMPANY Inventory January 1 Purchases Mark-ups Cost 5 Retail Price S 500 20,000 1,000 35,000 3.000 Sales (net) 25,000 You are required to calculate the cost of goods sold on December 31 assuming that BOSTON Company is using the retail convention kings A B I Cost $ Retail Price $ 4
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