Based on the following data, determine the cost of merchandise sold for November. Merchandise inventory, November 1
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Question:
Based on the following data, determine the cost of merchandise sold for November.
Merchandise inventory, November 1 | $68,000 |
Merchandise inventory, November 30 | 62,500 |
Purchases | 196,250 |
Purchases returns and allowances | 6,870 |
Purchases discounts | 2,135 |
Freight in | 2,200 |
sales 235,400
Sales Returns and Allowances 2,195
Sales Discounts 1,240
Determine the cost of merchandise sold for November.
Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
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