Question: The following is selected information from Mars Corp. Compute net purchases, and cost of goods sold for the month of March. Sales $870,000 Gross Purchases
The following is selected information from Mars Corp. Compute net purchases, and cost of goods sold for the month of March. Sales $870,000 Gross Purchases 435,080 Sales Discounts 82,650 Purchase Returns and Allowances 50,932 Beginning Inventory 321,908 Purchase Discounts 14,664 Ending Inventory 254,075 Group of answer choices Net Purchases: $263,580; Cost of Goods Sold: $384,080 Net Purchases: $369,484; Cost of Goods Sold: $437,317 Net Purchases: $424,080; Cost of Goods Sold: $523,580 Net Purchases: $335,420; Cost of Goods Sold: $408,980
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