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Determine the cost of goods sold

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Question - Sampson Company's accounting records show the following for the year ending December 31, 2017:

Purchase Discounts £ 28,000

Freight-In 39,000

Purchases 1,000,050

Beginning Inventory 117,500

Ending Inventory 144,000

Purchase Returns 32,000

Required - Using the periodic system, determine the cost of goods sold?

Reference no: EM132896849

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