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Question 6 Logo Gear purchased $1,301 worth of merchandise during the month, and its monthly income statement shows cost of goods sold of $4,635. What was the beginning inventory if the ending inventory was $3,711?

Question 6 Logo Gear purchased $1,301 worth of merchandise during the month, and its monthly income statement shows cost of goods sold of $4,635. What was the beginning inventory if the ending inventory was $3,711?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6EA: Logo Gear purchased $2,250 worth of merchandise during the month, and its monthly income statement...
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Question 6 Logo Gear purchased $1,301 worth of merchandise during the month, and its monthly income statement shows cost of goods sold of $4,635. What was the beginning inventory if the ending inventory was $3,711?
Transcribed Image Text:Question 6 Logo Gear purchased $1,301 worth of merchandise during the month, and its monthly income statement shows cost of goods sold of $4,635. What was the beginning inventory if the ending inventory was $3,711?
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