Problemsilas company sold goods with a total selling price, Ask an Expert

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Silas Company sold goods with a total selling price of $800,000 during the year. It purchased goods for $380,000 and had beginning inventory of $67,000. A count of its ending inventory determined that goods on hand was $50,000. What was its cost of goods sold?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92814558

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