Cost of Goods Sold Beginning Inventory Add: Purchases $40,500 $25,500 Less: Purchase Discounts Purchase Returns and Allowances $500 Net Purchases $25,000 Freight-in $2,500 Cost
Cost of Goods Sold Beginning Inventory Add: Purchases $40,500 $25,500 Less: Purchase Discounts Purchase Returns and Allowances $500 Net Purchases $25,000 Freight-in $2,500 Cost of Goods Purchased Goods Available for Sale Less: Ending Inventory Total Cost of Goods Sold Based on this information, which of the following is the Cost of Goods Purchased?
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Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
