Multiple Choice
Using the information below in the computation of cost of goods sold, what would be the appropriate amount of Purchases? Purchase returns $ 1,200
Inventory, December 31 2,500
Cost of goods sold 10,500
Purchases ?
Inventory, January 1 2,500
Freight-in 1,500
A) $10,800
B) $11,200
C) $ 9,700
D) $10,200
Correct Answer:
Verified
Correct Answer:
Verified
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