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DNG Corp., a retail store chain, had the following information in its general ledger for the year 2017: Merchandise purchased for resale $909,400 Interest on
DNG Corp., a retail store chain, had the following information in its general ledger for the year 2017:
Merchandise purchased for resale | $909,400 | |
Interest on notes payable to vendors for the purchase of inventory | 8,700 | |
Purchase returns | 16,500 | |
Freight-in | 22,000 | |
Freight-out | 17,100 | |
Cash discounts on purchases | 6,800 | |
Storage costs incurred when warehouse became full | 8,300 |
Assume that DNG Corp. is a private company reporting under ASPE. What is DNGs inventoriable cost for 2017?
Inventoriable cost $ ___________.
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