Juan Morales Company had the following account balances at year-end: Cost of Goods Sold $61,600; Inventory $17,540; Operating Expenses $31,800;...
wenie.Juan Morales Company had the following account balances at year-end: Cost of Goods Sold $61,600; Inventory $17,540; Operating Expenses $31,800; Sales Revenue $127,240; Sales Discounts $1,170; and Sales Returns and Allowances $1,700. A physical count of inventory determines that merchandise inventory on hand is $12,310
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