From the following information, compute cost of goods sold. Purchase returns $ 1,200 Inventory, December 31 2,500 Freight-in 1,100 Inventory, January 1 2,800 Purchases 15,000 *$15,200 *$15,000 *$15,100 *$15,300

From the following information, compute cost of goods sold. Purchase returns $ 1,200 Inventory, December 31 2,500 Freight-in 1,100 Inventory, January 1 2,800 Purchases 15,000 $15,200 $15,000 $15,100 $15,300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Multiple Choose

MC.05-48

From the following information, compute cost of goods sold.

Purchase returns	$ 1,200
Inventory, December 31	2,500
Freight-in	1,100
Inventory, January 1	2,800
Purchases	15,000

*$15,200

*$15,000

*$15,100

*$15,300

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