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On November 1, 2019, Alpha Omega, Inc. sold merchandise for $18,000, FOB destination, with payment terms, n/30. The cost of goods sold was $6,480. On
On November 1, 2019, Alpha Omega, Inc. sold merchandise for $18,000, FOB destination, with payment terms, n/30. The cost of goods sold was $6,480. On November 3, the customer returns on this sale amounted to $7,200. The company received the balance on November 9, 2019. Calculate the cost of goods sold from these transactions. A. $6,480 B. $3,888 C. $6,912 D. $2,592
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Simplifying Finance And Accounting Function
Authors: Mr. Dauji Gupta
1st Edition
9353467276, 978-9353467272
