Question: Based on the following data determine the cost of merchandise

Based on the following data, determine the cost of merchandise sold for November:
Merchandise inventory, November 1 ..... $ 28,000
Merchandise inventory, November 30 ..... 31,500
Purchases ............... 475,000
Purchases returns and allowances ....... 15,000
Purchases discounts ........... 9,000
Freight in ............... 7,000


View Solution:


Sale on SolutionInn
Sales1
Views103
Comments
  • CreatedFebruary 28, 2014
  • Files Included
Post your question
5000