A company had sales revenue of $800,000 for the year. In addition, the following information is...
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A company had sales revenue of $800,000 for the year. In addition, the following information is available related to the cost of the units sold: Gross profit $340,000 Total purchase cost Freight charges 20,000 Purchase returns 80,000 Operating expenses 150,000 Purchase discounts 40,000 What was the total purchase cost of the units sold? A company had sales revenue of $800,000 for the year. In addition, the following information is available related to the cost of the units sold: Gross profit $340,000 Total purchase cost Freight charges 20,000 Purchase returns 80,000 Operating expenses 150,000 Purchase discounts 40,000 What was the total purchase cost of the units sold?
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Answer rating: 100% (QA)
410000 Explanation Given Sales 800000 Gross profit 34000... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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