based on the following data determine the cost of merchandise based on the following 4138041

February 13, 2021/in Business Homework Help Online /by Joseph

Based on the following data determine the cost of merchandise

Based on the following data, determine the cost of merchandise sold for July:

Increase in estimated returns inventory ……………………………….. $ 34,900

Merchandise inventory, July 1 ………………………………………… 190,850

Merchandise inventory, July 31 ……………………………………….. 160,450

Purchases …………………………………………………………….. 1,126,000

Purchases returns and allowances ………………………………………. 46,000

Purchases discounts …………………………………………………….. 23,000

Freight in ……………………………………………………………….. 17,500

Based on the following data determine the cost of merchandise

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