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Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Please provide answer this accounting question

Transcribed Image Text:Vanderbilt Trading Co. is a retail merchandiser with the following
information:
• Yard Maintenance: $8,000
•
•
Delivery Expense: $1,500
Freight-in: $400
Purchases: $60,000
•
•
Ending Inventory: $7,500
Beginning Inventory: $10,000
•
.
Revenues: $90,000
What is the Cost of Goods Sold (COGS) for Vanderbilt Trading Co.?
Expert Solution
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Intermediate Accounting: Reporting And Analysis
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ISBN:9781337788281
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Publisher:Cengage Learning