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Cost of Merchandise Sold Based on the following data, determine the cost of merchandise sold for July: Increase in estimated returns inventory $27,200 Merchandise inventory,

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Cost of Merchandise Sold Based on the following data, determine the cost of merchandise sold for July: Increase in estimated returns inventory $27,200 Merchandise inventory, July 1 45,300 Merchandise inventory, July 31 87,000 Purchases 906,700 Purchases returns and allowances 30,800 Purchases discounts 18,100 Freight in 12,700 -312,019 Cost of Merchandise Sold Based on the following data, determine the cost of merchandise sold for November: Increase in estimated returns inventory Merchandise inventory, November 1 Merchandise inventory, November 30 Purchases Purchases returns and allowances Purchases discounts Freight in $ 16,009 X $3,200 13,700 26,300 273,900 9,300 5,500 3,800 Feedback Check My Work The cost of merchandise sold section includes the beginning inventory, plus net purchases, plus freight in, less the en

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