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Compute raynolde company cost of goods sold

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Question - Periodic Inventory System - Raynolde Company uses a periodic inventory system. At the end of 2016, the following information is available:

Purchase returns and allowances $1,400

Inventory, 12/31/2016 11,900

Purchases 21,200

Inventory, 1/1/2016 10,800

Purchases discounts 600

Required - Compute Raynolde Company's cost of goods sold for 2016.

Reference no: EM132972888

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