Question: Current Attempt in Progress Assume that Wildhorse Co. uses a periodic inventory system and has these account balances: Purchases $392,700; Purchase Returns and Allowances

Current Attempt in Progress Assume that Wildhorse Co. uses a periodic inventory

Current Attempt in Progress Assume that Wildhorse Co. uses a periodic inventory system and has these account balances: Purchases $392,700; Purchase Returns and Allowances $12,300; Purchase Discounts $8,800; and Freight-in $15,300. Determine net purchases and cost of goods purchased. Net purchases Cost of goods purchased $

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