Based upon the following data, determine the cost of merchandise sold for July: Merchandise inventory, July 1
Question:
Merchandise inventory, July 1 ....... $ 88,370
Merchandise inventory, July 31 ........ 92,120
Purchases ................ 681,400
Purchases returns and allowances ...... 9,250
Purchases discounts ............ 7,000
Transportation in ............. 3,180
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Cost of merchandise sold Merchandise inventory July 1 88370 Purchases 681400 ...View the full answer
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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