Business, 23.06.2020 19:01 hernandez48tur
Calculate the cost of goods sold for a merchandiser using the periodic inventory system from the following details.
Purchases $500,000
Beginning Merchandise Inventory 175,000
Purchase Returns and Allowances 60,000
Purchase Discounts 12,000
Freight In 17,000
Ending Merchandise Inventory 160,000
A. $477,000
B. $460,000
C. $780,000
D. $500,000
Answers: 3
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Calculate the cost of goods sold for a merchandiser using the periodic inventory system from the fol...
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