Question
JIco uses the periodic method. Its beginning inventory is $43,000, purchases $321,000, FOB destination, purchase returns are $17,000 and freight is $9,000. the balance in
JIco uses the periodic method. Its beginning inventory is $43,000, purchases $321,000, FOB destination, purchase returns are $17,000 and freight is $9,000. the balance in Jicos ledger Purchases account is?
a)330,000 b) 317,000 c)321,000 d) 304,000
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Financial And Managerial Accounting
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
4th Edition
1119752620, 978-1119752622
