Question
26. A specialty dress shop made purchases amounting to $3,700 at cost, with 8% cash discounts earned, workroom costs of $100, and no inward
26. A specialty dress shop made purchases amounting to $3,700 at cost, with 8% cash discounts earned, workroom costs of $100, and no inward freight. Determine the total cost of the merchandise. 27. A sporting goods buyer placed the following order: 18 nylon backpacks costing $22 each 12 two-person tents costing $54 each 6 camp stoves costing $55 each Shipping costs paid by the store were $60, and a cash discount of 1% was taken. Find: a. Billed cost on the total order. b. Total delivered cost of the merchandise.
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26 The total cost of the merchandise can be calculated as follows Cost of merchandise 3700 Cash disc...Get Instant Access to Expert-Tailored Solutions
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Horngrens Accounting
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
12th edition
9780134487151, 013448715X, 978-0134674681
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