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onlineerica onlineerica
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A year ago
Finished Furniture

Finished Furniture had a beginning inventory of $110,000 at cost. During the month, Finished purchased and received $60,000 in goods and had net sales of $150,000. Throughout the month, Finished Furniture maintained a 40% markup on all sales.


Refer to Finished Furniture. Compute the ending inventory at cost.
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Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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jay2013jay2013
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Anonymous
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A year ago
I have the same problem, except: Compute the cost of goods sold. Here's how I did it:
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