Question
12. Using the following information for the month of April what is the amount of cost of goods sold for the month ? Purchases $28,000;
12. Using the following information for the month of April what is the amount of cost of goods sold for the month ?
Purchases $28,000; Purchases discounts $800; Merchandise inventory April 1 6,500; Merchandise inventory April 30 7,800
Sales returns and allowances 750; Sales 57,000; Purchases returns and allowances 1,000; Transportation paid for purchases 880
a. 25,780 b. 23,270 c. 31,220 d. 24,020
Swati Bhandarkar 2013. All rights reserved.
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Financial And Managerial Accounting
Authors: Jan R. Williams, Joseph V. Carcello, Mark S. Bettner, Sue Haka, Susan F. Haka
14th International Edition
0071101217, 9780071101219
