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Based on the following data: Estimated returns of November sales $14,500 Inventory, November 1 28,000 Inventory, November 30 31,500 Purchases 475,000 Purchases returns and allowances
Based on the following data: 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 Determine the cost of goods sold for November.
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