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    Financial Reporting for Managers
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    Exam 6: Operating Transactions Revenues, Expenses, and Working Capital
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    Nakita Inc
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Nakita Inc

Question 16

Question 16

Short Answer

Nakita Inc.reported beginning inventory of $90,000, ending inventory of $23,000, purchases of $128,000, purchase returns of $2,000, and transportation-in of $3,000.Calculate cost of goods sold.

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$90,000 + $128,000 -...

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