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    Exam 6: Inventory Cost of Goods Sold
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    Alberta Company Has Net Purchases of $75,000, Purchase Returns of $7,000
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Alberta Company Has Net Purchases of $75,000, Purchase Returns of $7,000

Question 122

Question 122

Multiple Choice

Alberta Company has net purchases of $75,000, purchase returns of $7,000 and purchase discounts of $4,000. Alberta's gross purchases were:


A) $64,000.
B) $72,000.
C) $78,000.
D) $86,000.

Correct Answer:

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