Accounting Discussion Questions

Accounting Discussion Questions

DQ#1

How would you calculate cost of goods sold? What items make up cost of goods sold?

DQ#2

What are the journal entries a merchandising organization would use to record the purchase and subsequent sale of merchandise? How would these transactions differ with a periodic versus a perpetual inventory system?

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DQ#1 

The cost of goods sold is basically, the goods you have in the beginning, plus the goods you bought, minus the goods you have……………..

APA

164 Words