Solution-What was the company estimated cost of goods sold

What was the company estimated cost of goods sold

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Reference no: EM132462430

Problem - Acme had the following account balances at the end of the current accounting period:

Beginning inventory	$73,000
Net purchases	58,250
Net sales revenue	87,500

Required - The normal gross profit for the company is $45%. What was the company's estimated cost of goods sold for the accounting period?

Reference no: EM132462430

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What was the company estimated cost of goods sold

Reference no: EM132462430

Reference no: EM132462430

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