Physical count of inventory


At the beginning of September 2006, RFI Company reported Merchandise Inventory of $4,000. During the month, the company made purchases of $7,800. At September 31, 2006, a physical count of inventory reported $3,200 on hand. Cost of goods sold for the month is ??

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Accounting Basics: Physical count of inventory
Reference No:- TGS064453

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