Polltok Pools & Spas Had Cost of Goods Sold for July,20X3

Essay

Polltok Pools & Spas had cost of goods sold for July,20X3 totaling $670,000.Purchase Discounts used by Polltok Pools & Spas totaled $4,500 and discounts used by customers totaled $3,000.Sales returns were $2,000 while purchase returns were $ 3,800.Total purchases amounted to $700,000.The inventory balance on July 1,20X3 was $ 70,000.The company uses the periodic inventory system.Determine Polltok Pools & Spas' ending inventory.