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Based on the following data, determine the cost of goods sold for November: Estimated returns of November sales $14,500 Inventory, November 1 28,000 Inventory, November
Based on the following data, determine the cost of goods sold for November:
| Estimated returns of November sales | $14,500 |
| Inventory, November 1 | 28,000 |
| Inventory, November 30 | 31,500 |
| Purchases | 475,000 |
| Purchases returns and allowances | 15,000 |
| Purchases discounts | 9,000 |
| Freight in | 7,000 |
Cost of goods sold:
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster
4th edition
1405888202, 978-0273711490, 273711490, 978-1405888202
