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Capstone C6 answers.doc

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Department
Administration
Course
ADM2342
Professor
All Professors
Semester
Fall

Description
ADM2340Introductory Financial AccountingCapstone ProblemChapter 6Crunch Inc is a snack foods wholesalerThey purchase boxes of chips from various manufacturers and distribute to retail shopsFor the month of March Crunch started with an inventory of 200 boxes of chips at a total cost of 3000During March their purchases were as followsTotal costMar 3300 boxes4560Mar 92503875Mar 143004470Mar 215007400Mar 273505285Crunch had four sales at 25 per box in March as followsMar 7250 boxesMar 15300Mar 19300Mar 30500Required1What are the COGS and EI amounts for March assu
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