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Solution. Less: Cost of Goods Sold Beginning Inventory 35,000 Add: Net Cost of Puchases Purchases 47,500 Less: Returns and Allowances 12,750 Discount 2,750 15,500 Net

Solution. Less: Cost of Goods Sold Beginning Inventory 35,000 Add: Net Cost of Puchases Purchases 47,500 Less: Returns and Allowances 12,750 Discount 2,750 15,500 Net Purchase 32,000 Add: Freight in 2...

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