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ACC 290 Week 5 Individual Assignment Week Five Exercises

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Week Five Exercises;ACC/290;University of Phoenix;BE5-1;A. Sales: $181,500;B. Cost of goods sold: $41,200;C. Gross profit: $38,000;D. Operating expenses: $17,900;E. Operating expenses: $8,500;F. Net income: $63,400;BE5-2;Pocras Company;Inventory 900;900;Wedell Company;Accounts Rec. 900;900;Cost of Goods Sold 590;590;BE6-5;LIFO;FIFO;Purchases;6 X 100;6 X 100;7 X 200;7 X 200;8 X 140;8 X 140;Cost of goods available for sale;3,120;3,120;Ending inventory;1,160;1,400;COGS;$

 

Paper#20686 | Written in 18-Jul-2015

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