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itshammertime itshammertime
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2 months ago

Streif Incorporated, a local retailer, has provided the following data for the month of June:

Merchandise inventory, beginning balance$ 46,000
Merchandise inventory, ending balance$ 52,000
Sales$ 260,000
Purchases of merchandise inventory$ 128,000
Selling expense$ 13,000
Administrative expense$ 40,000

The cost of goods sold for June was:



▸

$128,000



▸ $181,000

▸ $122,000

▸

$134,000

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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jbeejbee
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2 months ago
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$122,000
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itshammertime Author
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2 months ago
Thank you, thank you, thank you!
Marcie D
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Yesterday
Thanks
jmendoza
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2 hours ago
Brilliant ツ
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