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  3. Study Set
    College Accounting Study Set 5
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    Exam 14: Adjustments and the Work Sheet for a Merchandising Business
  5. Question
    Both the Debit and Credit Amounts in the Merchandise Inventory
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Both the Debit and Credit Amounts in the Merchandise Inventory

Question 44

Question 44

True/False

Both the debit and credit amounts in the merchandise inventory account at the end of an accounting period are used to calculate the cost of goods sold.

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