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December November (to 12/26) Net sales $575,625 $680,000 Beginning inventory 31,000 37,000 Purchases 388,000 428,000 Purchase returns and allowances 13,700 14,700 Purchase discounts 8,500
December November (to 12/26) Net sales $575,625 $680,000 Beginning inventory 31,000 37,000 Purchases 388,000 428,000 Purchase returns and allowances 13,700 14,700 Purchase discounts 8,500 9,500 Freight-in 8,600 9,900 Ending inventory 37,000 ? Bramble is fully insured for fire losses but must prepare a report for the insurance company.
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