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Kyman Inc., a retail store chain, had the following information in its general ledger for the year 2021. Merchandise purchased for resale $961,872 Interest on
Kyman Inc., a retail store chain, had the following information in its general ledger for the year 2021.
Merchandise purchased for resale | $961,872 | |
Interest on notes payable to vendors | 9,207 | |
Purchase returns | 15,890 | |
Freight-in | 21,910 | |
Freight-out (delivery expense) | 17,854 | |
Cash discounts on purchases | 6,475 |
What is Kyman's inventoriable cost for 2021?
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