Question
The following information is available for Righten Company: |Sales |$130,000 |Freight-in |$10,000 |Ending Merchandise Inventory |15,000 |Purchase Returns and Allowances |5,000 |Purchases |90,000 |Beginning Merchandise
The following information is available for Righten Company: |Sales |$130,000 |Freight-in |$10,000 |Ending Merchandise Inventory |15,000 |Purchase Returns and Allowances |5,000 |Purchases |90,000 |Beginning Merchandise Inventory |12,000 Righten's cost of goods sold is: a. $112,000. b. $92,000. c. $98,000. d. $107,000.
Do not copy from Chegg and give complete answer with explanation
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Bookkeeping And Accounting For Beginners
Authors: D.K. Livingston
1st Edition
1686248598, 978-1686248597
