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Given the following information for a retail company, what is the total cost of goods purchased for the period? Purchases discounts $ 3,500 Transportation-in 6,700
Given the following information for a retail company, what is the total cost of goods purchased for the period?
Purchases discounts | $ | 3,500 | |
Transportation-in | 6,700 | ||
Ending inventory | 35,000 | ||
Gross merchandise cost | 304,000 | ||
Purchases returns | 8,400 | ||
Beginning inventory | 27,000 | ||
Sales discounts | 10,300 | ||
$298,800
$290,800
$282,100
$304,000
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