In each of the given separate cases, compute the Cost of Sales in good form: P 15,000 CASE 1: Purchase Discounts Purchase Returns & Allowances 25,000 Freight In Merchandising Inventory, beg. Merchandising Inventory, end 20,000 215,000 230,000 CASE 2: Merchandise Inventory, beg. Purchase Discounts 10,000 300,000 20,000 130,000 Purchases Freight In Merchandise Inventory, end CASE 3: Merchandise Inventory, beg. P 210,000 Freight In 25,000 Purchases 250,000 Merchandise Inventory, end 320,000 Purchase Discounts Purchase Returns & Allowances 20,000 15,000

In each of the given separate cases, compute the Cost of Sales in good form: P 15,000 CASE 1: Purchase Discounts Purchase Returns & Allowances 25,000 Freight In Merchandising Inventory, beg. Merchandising Inventory, end 20,000 215,000 230,000 CASE 2: Merchandise Inventory, beg. Purchase Discounts 10,000 300,000 20,000 130,000 Purchases Freight In Merchandise Inventory, end CASE 3: Merchandise Inventory, beg. P 210,000 Freight In 25,000 Purchases 250,000 Merchandise Inventory, end 320,000 Purchase Discounts Purchase Returns & Allowances 20,000 15,000

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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