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Novak Inc., a retail store chain, had the following information in its general ledger for the year 2018. Merchandise purchased for resale $838,487 Interest on
Novak Inc., a retail store chain, had the following information in its general ledger for the year 2018.
| Merchandise purchased for resale | $838,487 | |
| Interest on notes payable to vendors | 8,219 | |
| Purchase returns | 15,340 | |
| Freight-in | 20,270 | |
| Freight-out (delivery expense) | 15,968 | |
| Cash discounts on purchases | 6,737 |
What is Novaks inventoriable cost for 2018?
| Novaks inventoriable cost for 2018 | $ |
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Quality Auditing Journal Notes Checklists Observations Evidence Questions Log
Authors: Leon Edward
1st Edition
1729431569, 978-1729431566
