Question
Salva, had the following information for 2019: Gross Sales 4,850,000.00 Sales Returns and Allowance 350,000.00 Purchase Discounts 128,000.00 Beginning Inventory 2,852,000.00 Purchases 1,063,500.00 Purchase Returns
- Salva, had the following information for 2019:
Gross Sales 4,850,000.00
Sales Returns and Allowance 350,000.00
Purchase Discounts 128,000.00
Beginning Inventory 2,852,000.00
Purchases 1,063,500.00
Purchase Returns 74,800.00
Freight In 146,300.00
Freight Out 101,000.00
Ending Inventory 1,897,000.00
How much is the cost of goods sold to be declared?
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
7th edition
978-1118344262, 111834426X, 1118162285, 978-1118562208, 1118562208, 978-1118162286
