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Russell Retail Group begins the year with inventory of $62,000 and ends the year with inventory of $52,000. During the year, the company has four purchases for the following amounts.
Purchase on February 17 $217,000
Purchase on May 6 137,000
Purchase on September 8 167,000
Purchase on December 4 417,000
Required:
Calculate cost of goods sold for the year.
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Answers: 2
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Russell Retail Group begins the year with inventory of $62,000 and ends the year with inventory of $...
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