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Cost of Goods Sold Shaquille Corporation began the current year with inventory of $40,000. During...

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Accounting

Cost of Goods Sold Shaquille Corporation began the current year with inventory of $40,000. During the year, its purchases totaled $100,000. Shaquille paid freight charges of $8,500 for these purchases. At the end of the year, Shaquille had inventory of $47,000. Prepare a schedule to determine Shaquille's cost of goods sold for the current year

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