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The Following Accounts Are Included in the Ledger of Bainbridge

Question 192

Essay

The following accounts are included in the ledger of Bainbridge Company:
Advertising expense
Freight-in
Inventory
Purchases
Purchase returns and allowances
Sales revenue
Sales returns and allowances
Which of the accounts would be included in calculating cost of goods sold?

Correct Answer:

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Freight-in
Inventory...

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