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Cost of Goods Sold Based on the following data, determine the cost of goods sold for July: Estimated returns of July sales $34,900 Inventory, July
Cost of Goods Sold
Based on the following data, determine the cost of goods sold for July:
| 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 |
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Edp Auditing A Functional Approach
Authors: Albert J. Harnois
1st Edition
0132246848, 978-0132246842
