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In determining cost of goods sold: Purchase discounts are deducted from net purchases Freight -out is added to net purchases Purchase returns and allowances are
- In determining cost of goods sold:
- Purchase discounts are deducted from net purchases
- Freight -out is added to net purchases
- Purchase returns and allowances are deducted from net purchases
- Freight in is added to net purchases
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
