Based on the following data, determine the cost of merchandise sold for July: Merchandise inventory, July 1
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Based on the following data, determine the cost of merchandise sold for July:
Merchandise inventory, July 1 .................... $ 190,850
Merchandise inventory, July 31 ..................... 195,350
Purchases ..................................................... 1,126,000
Purchases returns and allowances ................ 46,000
Purchases discounts ........................................ 23,000
Freight in ........................................................... 17,500
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Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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