Question
1.Inventory that had cost $22,800 was sold for $38,760 under terms 2/20, net/30.2.Customers returned merchandise to Ozark five days after the purchase. The merchandise had
1.Inventory that had cost $22,800 was sold for $38,760 under terms 2/20, net/30.2.Customers returned merchandise to Ozark five days after the purchase. The merchandise had been sold for a price of $1,288. The merchandise had cost Ozark $920.
3.All customers paid their accounts within the discount period.4.Selling and administrative expenses amounted to $3,876.5.Interest expense paid amounted to $330.6.Land that had cost $7,300 was sold for $10,585 cash
what is the amount net sales?
Requireda.Determine the amount of net sales.(Round your intermediate calculations and final answer to the nearest whole dollar amount.)
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