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Mar. Stellar Stores purchases $8,600 of merdandise for resale from Wildhorse Wholesalers, terms 2/10,n/30,FOBsh hipping 1 point. 2. The correct company pays $165 for the

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Mar. Stellar Stores purchases $8,600 of merdandise for resale from Wildhorse Wholesalers, terms 2/10,n/30,FOBsh hipping 1 point. 2. The correct company pays $165 for the shipping charges. 3. Stellar returns $1,100 of the merchandise purchased on March 1 because it was the wrong colour. Wildhorse gives Stellar a $1,100 credit on its account. 21 Stellar Stores purchases an additional $13,000 of merchandise for resale from Wildhorse Wholesalers, terins 2/10,n/30, FOB destination. 22. The correct company pays $165 for freight charges. 23 Stellar returns $550 of the merchandise purchased on March 21 because it was damaged. Wildhorse gives 5 Stellar a $550 credit on its account. 30 Stellar paid Wildhorse the amount owing for the merchandise purchased on March 1. 31 Stellar paid Wildhorse the amount owing for the merchandise purchased on March 21. Wildhorse's cost of the merchandise sold to Stellar was $4,100. Wildhorse's cost of the merchandise returned by Stellar was $524. As the merchandise was not damaged, it was returne to Wildhorse's inventory. Wildhorse's cost of the additional merchandise sold to Stellar Stores was $6,198. Wildhorse's cost of the merchandise returned by Stellar was $262. As the merchandise was damaged, it was put in the recycling bin. Calculate Wildhorse's net sales, cost of goods sold, and gross profit for these sales. Net sales $ Cost of goods sold $ $

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