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QUESTION
Exercise 9-20 Presented below is information related to Indigo Company.
Exercise 9-20
Presented below is information related to Indigo Company.
Cost
Retail
Beginning inventory$ 56,950$94,100Purchases (net)121,490191,500Net markups10,935Net markdowns26,431Sales revenue186,270
Compute cost of goods sold based on (d). (Round answer to 0 decimal places, e.g. 6,225.)
Cost of goods sold$
Compute gross margin based on (d). (Round answer to 0 decimal places, e.g. 6,225.)
Gross margin$
