Question
The following details are provided by Blue Bell Merchandisers. Net Sales $198,000 Purchases 92,000 Purchases Returns and Allowances 1,800 Purchases Discounts 1,250 Freight In 1,590
The following details are provided by Blue Bell Merchandisers. Net Sales $198,000 Purchases 92,000 Purchases Returns and Allowances 1,800 Purchases Discounts 1,250 Freight In 1,590 Beginning Merchandise Inventory 63,000 Ending Merchandise Inventory 37,000 Calculate the amount of net purchases. $151,950 $87,360 $88,950 $106,000
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Internal Auditing Assurance & Consulting Services
Authors: Kurt F Reading, Paul J Sobel, Urton L Anderson, Michael J Head, Sri Ramamoorti
1st Edition
