How do i find ending merchandise and cost of goods sold (accounting)

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asked Nov 1, 2021 94.9k views

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Nighttalker · Answer 1 · 2021-11-05T14:11:56+0000

Ending merchandise = beginning Merchandise + net purchases- cost of goods sold
Cost of goods sold= beginning merchandise + purchases during the period- ending merchandise

How do i find ending merchandise and cost of goods sold (accounting)

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