estimating equations
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4 Terms
1
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est cost of goods sold
sales - est gross profit = est cost of goods sold
2
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est ending inventory
beginning inventory + purchases = goods available for sale - est cost of goods sold = est ending inventory
3
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est cost of goods sold
sales - est gross profit = est cost of goods sold
4
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est ending inventory
beginning inventory + purchases = goods available for sale - est cost of goods sold = est ending inventory
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Flashcards (43)