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The Following Amounts Are on the Bear Sporting Goods Worksheet

Question 7

Essay

The following amounts are on the Bear Sporting Goods worksheet for the month ended October 31.Required: Calculate the following:
a)Net sales
b)Net purchases
c)Net cost of purchases
d)Cost of goods available for sale
e)Cost of goods sold
f)Gross profit
The following amounts are on the Bear Sporting Goods worksheet for the month ended October 31.Required: Calculate the following: a)Net sales b)Net purchases c)Net cost of purchases d)Cost of goods available for sale e)Cost of goods sold f)Gross profit

Correct Answer:

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a)$52,b)$2...

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