Reported as cost of goods sold relative to this forfeiture

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Reference no: EM13748076

What amount should Mcwane have reported as cost of goods sold relative to this forfeiture?

Mcwane Chemical Company received customer deposits on returnable containers in the amoutn of $100,000 during 2013. Twelve percent of the containers were not returned. The deposits are based on the container cost marked up 20%.

Reference no: EM13748076

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Reported as cost of goods sold relative to this forfeiture : What amount should Mcwane have reported as cost of goods sold relative to this forfeiture? Mcwane Chemical Company received customer deposits on returnable containers in the amoutn of $100,000 during 2013. Twelve percent of the containers were not re..

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