EXAM II $2023$ Revised II $-$ Compatibility M$...$

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d$.$ noncurrent liability

III. Using the following information to answer items $11$ thru $15.$

Sales $500,000,$ Sales Returns $10,000,$

Sales Discounts $10,000,$ Purchases $130,000$

Purchase returns $10,000,$ Purchase discounts $20,000$

Freight In $20,000,$ Selling expenses $50,{000}_{?}$

General expenses $170,000,$ inventory$-$beg $27,{000}_{?}$

Inventory$-$end $20,{000}_{{?}_{?}}$

$11.$ Net sales for the period are

a$.$ $$500,000$

b$.$ $$480,000$

c$.$ $$490,000$

d$.$ $$520,000$

$-3-$

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