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A merchandising firm's accounting system must allocate the Cost of Goods Available for Sale between Cost of Goods Sold and the ending balance in Merchandise Inventory.

the beginning balance in Merchandise Inventory and Cost of Goods Sold.

Purchases of inventory and the ending balance in Merchandise Inventory.

the Merchandise Inventory balance at the start of the period and the balance at the end of the period.

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M91977629

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