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Yale Co Has Valued Its Beginning and Ending Inventories at $4,000

question 32

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Yale Co. has valued its beginning and ending inventories at $4,000 and $7,000, respectively, during a period where cost of goods sold was $22,000. An auditor found an error in the valuation of the ending inventory and insisted that it be restated to $6,000. Calculate the adjusted cost of goods sold resulting from the inventory restatement.


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A thin sheath typically made from latex, worn on a man's penis during sexual activity for contraceptive purposes and to prevent the transmission of sexually transmitted infections.

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A term that refers to whether a person is sexually and romantically attracted to others of the same sex, the opposite sex, or both sexes.

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