Financial And Managerial Accounting
15th Edition
ISBN: 9781337902663
Author: WARREN, Carl S.
Publisher: Cengage Learning,
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Metlock, Inc. accounting records show the following for the year ending on December 31, 2022.
Purchase Discounts | $ 13400 |
Freight-in | 15400 |
Purchases | 716020 |
Beginning Inventory | 55000 |
Ending Inventory | 46600 |
Purchase Returns and Allowances | 12500 |
Using the periodic system, the cost of goods purchased is
$726520.
$674320.
$730520.
$705520.
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