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Accounting Discussion Questions

***Do not need to be in APA Format, no Mim word count****

DQ#1 

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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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“FIRST15”

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