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200 At the end of last year,Games-2-Use had merchandise costing $140,000 in inventory.During January of the current year,the company purchased merchandise costing $102,000,and sold merchandise that it had purchased at a total cost of $84,000.Games-2-Use uses a perpetual inventory system.
-The amount of goods transferred from the Inventory account to the Cost of Goods Sold account during January was:
External User
Individuals or entities outside of a company who use financial information to make decisions about their relationship with the company.
Accounting Information
Financial data and records concerning an entity's transactions and financial status, which are used for analysis, reporting, and decision-making.
External User
Individuals or entities outside of a company who have an interest in the company's financial information for decision-making purposes, such as investors or creditors.
Accounting Information
Financial data and records about a company's transactions, financial performance, and condition.
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