Question
Comprest Company has the following account balances: Purchases of $ 9,967, Purchase Returns and Allowances of $ 510, Purchase Discounts of $ 1,230, Freight-In of
Comprest Company has the following account balances: Purchases of $ 9,967, Purchase Returns and Allowances of $ 510, Purchase Discounts of $ 1,230, Freight-In of $ 248, Freight-Out of $ 193,and Beginning Inventory of $ 1,137. What is their Cost of Goods Purchased?
A company has beginning inventory of 300 units at $ 15.02 each; They purchased 400 units at $ 5.56 each on June 2; On June 15, they also purchased 500 units at $ 11.84 each. A physical count of merchandise inventory at the end of the month revealed that 790 units were sold. What is the cost of goods sold using the weighted average inventory method? Round all answers to the nearest dollar. But as always do not round any intermediate calculations, only round your final answer.
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