Question
Donovan Inc., a retail store chain, had the following information in its general ledger for the year 2015. Merchandise purchased for resale $909,400 Interest on
Donovan Inc., a retail store chain, had the following information in its general ledger for the year 2015.
| Merchandise purchased for resale | $909,400 |
| Interest on notes payable to vendors | 8,700 |
| Purchase returns | 16,500 |
| Freight-in | 22,000 |
| Freight-out | 17,100 |
| Cash discounts on purchases | 6,800 |
What is Donovans inventoriable cost for 2015?
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
