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EX 6-32 Identify items missing in determining cost...

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EX 6-32 Identify items missing in determining cost of merchandise sold For (a) through (d), identify the items designated by ?X? and ?Y.? a. Purchases - (X + Y) = Net purchases. b. Net purchases + X = Cost of merchandise purchased. c. Merchandise inventory (beginning) + Cost of merchandise purchased = X. d. Merchandise available for sale - X = Cost of merchandise sold.

 

Paper#3218 | Written in 18-Jul-2015

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