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Business, 06.05.2021 18:10 Happypuppy1918

Monte Vista uses the perpetual inventory system. At the beginning of the quarter, Monte Vista has $34,000 in inventory. During the quarter the company purchases $8,500 of new inventory from a vendor, returned $1,100 of inventory to the vendor, and took advantage of discounts from the vendor of $240. At the end of the quarter the balance in inventory is $28,500. What is the cost of goods sold

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Monte Vista uses the perpetual inventory system. At the beginning of the quarter, Monte Vista has $3...
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