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The following information applied to Harrison Company for the current year: Merchandise purchase for resale $ 4,000,000.00 Freight in $ 100,000.00 Freight out $ 50,000.00
The following information applied to Harrison Company for the current year:
| Merchandise purchase for resale | $ 4,000,000.00 |
| Freight in | $ 100,000.00 |
| Freight out | $ 50,000.00 |
| Purchase returns | $ 20,000.00 |
| Interest on inventory loan | $ 200,000.00 |
What is the cost of inventory purchased?
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Creative Accounting, Fraud And International Accounting Scandals
Authors: Michael J. Jones
1st Edition
0470057653, 9780470057650
