Homework Answers
Cost of goods sold computation
| Cost of goods sold | ||
| Beginning inventory | 3,800 | |
| Purchases | 49,000 | |
| Freight in | 3,200 | |
| Import duties | 1,900 | 54,100 |
| Cost of goods available for sale | 57,900 | |
| Ending inventory | -6,300 | |
| Cost of goods sold | $51,600 |
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