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How much cost of goods sold remains on the books

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Reference no: EM132508727

Question - Frutti Tutti Inc. sold commemorative cups costing $1,700 for $4,500 on account. After two weeks the customer returned the cups. The cups are not defective and Frutti Tutti Inc. expects to be able to resell them at the same price. How much Cost of Goods Sold REMAINS on the books from the original sale AFTER the sales return is recorded? Record the dollar amount of your answer (do not write the dollar sign).

Reference no: EM132508727

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