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Based on the following data: Estimated returns of July sales $34,900 Inventory, July 1 190,850 Inventory, July 31 160,450 Purchases 1,126,000 Purchases returns and allowances
Based on the following data: Estimated returns of July sales $34,900 Inventory, July 1 190,850 Inventory, July 31 160,450 Purchases 1,126,000 Purchases returns and allowances 46,000 Purchases discounts 23,000 Freight in 17,500 Determine the cost of goods sold for July?
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