Question
64. Earl Sportswear regularly buys sweaters from Gudani Company and allowed trade discounts of 20% and 10% from the list price. Earl made a purchase
64. Earl Sportswear regularly buys sweaters from Gudani Company and allowed trade discounts of 20% and 10% from the list price.
Earl made a purchase during the year and received an invoice with a list price of P600,000, a freight charge of P15,000 and payment terms of 2/10, n/30.
What is the cost of the purchase?
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Management and Cost Accounting
Authors: Colin Drury
10th edition
1473748873, 9781473748910 , 1473748917, 978-1473748873
