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Holliday Company's Inventory Records Show the Following Data: a Physical

Question 197

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Holliday Company's inventory records show the following data: Holliday Company's inventory records show the following data: A physical inventory on December 31 shows 2,000 units on hand. Holliday sells the units for $12 each. The company has an effective tax rate of 20%. Holliday uses the periodic inventory method. What is the cost of goods available for sale? A) $21,000 B) $36,000 C) $45,000 D) $102,000 A physical inventory on December 31 shows 2,000 units on hand. Holliday sells the units for $12 each. The company has an effective tax rate of 20%. Holliday uses the periodic inventory method. What is the cost of goods available for sale?


A) $21,000
B) $36,000
C) $45,000
D) $102,000

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