Short Answer
During the year ended December 31, 2016, Cabela's, Inc., a retailer of outdoor equipment and apparel, purchased merchandise inventory at a cost of $2,413,850 (in thousands). The following T-account reflects information contained in the company's 2015 and 2016 balance sheets (in thousands).
Calculate Cabela's cost of sales for 2016 and complete the T-account.
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COGS = Beginning inventory $81...View Answer
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