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Business, 18.12.2019 22:31 paigeisawesome

Susan company reported these income statement data for a 2-year period. 2022 2021 sales $315,000 $264,600 beginning inventory 50,400 37,800 cost of goods purchased 254,520 217,980 cost of goods available for sale 304,920 255,780 ending inventory 63,000 50,400 cost of goods sold 241,920 205,380 gross profit $73,080 $59,220 susan uses a periodic inventory system. the inventories at january 1, 2021 and december 31, 2022, are correct. however, the ending inventory at december 31, 2021 is overstated by $5,040. prepare correct income statement data for the 2 years.

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Susan company reported these income statement data for a 2-year period. 2022 2021 sales $315,000 $26...
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