Based on the following data, determine the cost of merchandise sold for June: Merchandise inventory, June 1

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Based on the following data, determine the cost of merchandise sold for June:


Merchandise inventory, June 1           $ 35,500

Merchandise inventory, June 30          40,500

Purchases                                             384,000

Purchases returns and allowances        11,000

Purchases discounts                             3,000

Freight in                                              6,000

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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