Question: III. U 15. sing the following information to answer items I 1 thru Sales 500,000, Sales Returns 10,000, Sales Discounts 10,000, Purchases 130,000 Purchase returns

III. U 15. sing the following information to answer items I 1 thru 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

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