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How to estimate the cost of goods sold

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a) company A pays for FOB shipping, company B does record purchase but doent record the item in the inventory becuase it hasnt arrived yet.

b) Company A pays for FOB destination, Company B does record purchasebut doesnt record the item in the inventory because it hasnt arrived yet.

Question 1: fill O=OVERSTATED, U = UNDERSTATED, NA = not affected for assets, equity, net income, and cost of goods sold

Reference no: EM132558045

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