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July 24, 2014

Homework Help: Accounting

Posted by Angela on Tuesday, October 7, 2008 at 10:38pm.

A company using the periodic inventory system has the following account balances: Merchandise Inventory at the beginning of the year, $4,000; Transportation-In, $450; Purchases, $12,000; Purchases Returns and Allowances, $2,300; Purchases Discounts, $220. The cost of merchandise purchased is equal to

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