Given the following information for a retail company, what is the total cost of goods purchased for
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Question:
Given the following information for a retail company, what is the total cost of goods purchased for the period?
Purchases discounts | $3,900 |
Transportation-in | 6,950 |
Ending inventory | 36,050 |
Gross merchandise cost | 313,000 |
Purchases returns | 8,700 |
Beginning inventory | 27,850 |
Sales discounts | 10,600 |
a. 299,150
b. 313,000
c. 307,350
d. 289,800
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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