Do It! Review 5-5 Flounder Lake Corporation's accounting records show the following at year-end December...
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Do It! Review 5-5 Flounder Lake Corporation's accounting records show the following at year-end December 31, 2017 Purchase Discounts $7,420 Beginning Inventory Freight-In Freight-Out Purchases $32,640 28,880 11,370 Purchase Returns and Allowances 4,100 9,000 Ending Inventory 165,170 Assuming that Flounder Lake Corporation uses the periodic system, compute cost of goods purchased and cost of goods sold Cost of goods purchased Cost of goods solds Click if you would like to Show Work for this question:Open Show Work
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