Corporate Finance Assignment/ Professional Essay Writers
May 27th, 2020
Using the following data and assuming the cost of goods sold is $273,700, prepare the cost of goods sold section of a merchandising income statement (periodic inventory system). Include the amount of purchase for the month of October.
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Corporate Finance Assignment/ Professional Essay Writers
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Freight-in ………………………………………………$13,800.
Merchandise inventory, Sept. 30, 20xx ……………….. 37,950.
Merchandise inventory, Oct. 31, 20xx ………………… 50,600.
Purchases ……………………………………………… ?
Purchases returns and allowances …………………….. 10,350. Get FInance Help Today