Question
Sales Revenue $150,000 Purchases 90,000 Inventory (beginning) 20,000 Inventory (ending) 14,000 Purchases Returns & Allowances 5,000 Purchase Discounts 7,000 Freight-In 4,000 Sales Discounts 8,000 Sales
| Sales Revenue | $150,000 |
| Purchases | 90,000 |
| Inventory (beginning) | 20,000 |
| Inventory (ending) | 14,000 |
| Purchases Returns & Allowances | 5,000 |
| Purchase Discounts | 7,000 |
| Freight-In | 4,000 |
| Sales Discounts | 8,000 |
| Sales Returns & Allowances | 5,000 |
| Freight-Out | 2,000 |
What is the amount of the companies net sales?
A) 137,000
B) 139,000
C) 145,000
D) 150,000
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Auditing
Authors: Allan Millichamp, John Taylor
9th Edition
1844809404, 978-1844809400
