Question
Lawson Co. had a $72,000 beginning inventory and a $78,000 ending inventory. Sales were $480,000, purchases of merchandise were $258,000, merchandise returned was $15,000, discounts
Lawson Co. had a $72,000 beginning inventory and a $78,000 ending inventory. Sales were $480,000, purchases of merchandise were $258,000, merchandise returned was $15,000, discounts taken were $12,000, and transportation costs were $18,000. Cost of goods sold for the period was:
A. $243,000.
B. $207,000.
C. $147,000.
D. $255,000.
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Accounting What The Numbers Mean
Authors: David H. Marshall, Wayne William Mcmanus, Daniel Marshall Viele, Mcmanus Marshall, Daniel F. Viele
10th Edition
1259060705, 978-1259060700
