Using the information below, find Alpha's total gross purchases (not net purchases). Ending inventory Beginning Inventory...

Transcribed Image Text:

Using the information below, find Alpha's total gross purchases (not net purchases). Ending inventory Beginning Inventory Purchase returns & allowances $ 700 2,000 300 Purchase discounts 200 Operating expenses 2,400 Sales returns & allowances 800 Sales discounts 200 Net Income 800 Income tax expense 200 Sales 8,300 Using the information below, find Alpha's total gross purchases (not net purchases). Ending inventory Beginning Inventory Purchase returns & allowances $ 700 2,000 300 Purchase discounts 200 Operating expenses 2,400 Sales returns & allowances 800 Sales discounts 200 Net Income 800 Income tax expense 200 Sales 8,300

Answer rating: 100% (QA)

To find Alphas total gross purchases not net purchases we need to calculate the net purchases first ... View the full answer