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Marlin Co. reported the following information for the first year of operations: Freight-in (F) $ 30,000 Purchases (P) 120,000 Ending inventory (EI) 16.000 Cost of
Marlin Co. reported the following information for the first year of operations: Freight-in (F) $ 30,000 Purchases (P) 120,000 Ending inventory (EI) 16.000 Cost of goods sold (COGS) 115,000 Credit sales 170,000 Sales returns 10,000 What is the amount of purchase returns? O A. $51,000 O B. $10,000 O C. $110,000 O D. $19,000
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