Which formula will determine merchandise cost?
1 Merchandise cost + markuup
2 Retail price -markup
3 Retail price -cost
4 Retail price+ markup
Answers
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2
Explanation:
The cost of goods sold formula is calculated by adding purchases for the period to the beginning inventory and subtracting the ending inventory for the period
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0
Answer:
The cost of goods sold formula is calculated by adding purchases for the period to the beginning inventory and subtracting the ending inventory for the period.
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