Cost of merchandise sold problem

Reference no: EM13160265

A company, using the periodic inventory system, has merchandise inhventory costing $175 on hand at the beginning of the period. During the period, merchandise costing $635 is purchased. At year-end, merchandise inventory costing $160 is on hand. The cost of merchandise sold for the year is??

Reference no: EM13160265

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Cost of merchandise sold problem : A company, using the periodic inventory system, has merchandise inhventory costing $175 on hand at the beginning of the period. During the period, merchandise costing $635 is purchased. At year-end, merchandise inventory costing $160 is on hand. T..

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