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Author Question: Desired ending inventory is 80% of beginning inventory. If cost of goods sold is $300,000, which of ... (Read 61 times)

audie

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on: Jan 4, 2020
Desired ending inventory is 80% of beginning inventory. If cost of goods sold is $300,000, which of the following statements is TRUE regarding purchases?
◦ Purchases will be less than cost of goods sold.
◦ Purchases will be 80% of cost of goods sold.
◦ Purchases will be more than cost of goods sold.
◦ Purchases will equal cost of goods sold.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by audie on Jan 4, 2020

dawsa925

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Reply #1 on: Jan 4, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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audie

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Reply 2 on: Jan 4, 2020
YES! Correct, THANKS for helping me on my review

isabelt_18

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Reply 3 on: Yesterday
Wow, this really help

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