Based Upon the Following Data, Determine the Cost of Merchandise

Essay

Based upon the following data, determine the cost of merchandise sold for April. $$\begin{array} { l r } \text { Merchandise Inventory April } 1 & \$ 85,560 \\\text { Merchandise Invent ory April } 30 & 96,330 \\\text { Purchases } & 373,880 \\\text { Purchases Returns \& Allowances } & 14,760 \\\text { Purchases Discounts } & 10,900 \\\text { Freight In } & 4,135\end{array}$$