ROE Company reports purchases of $12,000, freight in of $400, purchases returns and allowances of $800, and
Question:
ROE Company reports purchases of $12,000, freight in of $400, purchases returns and allowances of $800, and purchases discounts of $120. What is the amount of the net delivered cost of purchases?
a. $13,080
b. $13,320
c. $11,480
d. $10,680
Step by Step Answer:
1 The correct answer is a 2 The cost of goods sold for the month was 13320 3 The cost of goods sold ...View the full answer
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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