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19. Sales revenue P 750,000 Freight in Beginning inventory Purchases discounts 44,000 Sales returns and allowances Operating expenses Ending inventory 72,000 000'S 000's Purchases Sales discounts William Browning, withdrawals Purchase returns and allowances 000'9 000's The total cost of goods available for sale is: a. P388,000 b. P478,000 c. P470,000 d. P394,000 20. The cost of goods sold is: a. P470,000 b. P478,000 c. P406,000 d. P351,000

19. Sales revenue P 750,000 Freight in Beginning inventory Purchases discounts 44,000 Sales returns and allowances Operating expenses Ending inventory 72,000 000'S 000's Purchases Sales discounts William Browning, withdrawals Purchase returns and allowances 000'9 000's The total cost of goods available for sale is: a. P388,000 b. P478,000 c. P470,000 d. P394,000 20. The cost of goods sold is: a. P470,000 b. P478,000 c. P406,000 d. P351,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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19. Sales revenue Insl Freight in Beginning inventory Purchases discounts Sales returns and allowances P 750,000 Cost of go 1. inventory i what were P850 Operating expenses Ending inventory Purchases 20,000 a. b. P350 c. d. none Sales discounts William Browning, withdrawals Purchase returns and allowances 2. Cost of inventon P11 The total cost of goods available for sale is: c. 000'9 a. P388,000 b. P478,000 c. P470,000 d. P394,000 000' b. P12 P12 a. d. no 3. Purcha return a. 20. The cost of goods sold is: b. P470,000 c. P406,000 b. P478,000 d. P351,000 a. d. c 4. Begir a. c.
Transcribed Image Text:19. Sales revenue Insl Freight in Beginning inventory Purchases discounts Sales returns and allowances P 750,000 Cost of go 1. inventory i what were P850 Operating expenses Ending inventory Purchases 20,000 a. b. P350 c. d. none Sales discounts William Browning, withdrawals Purchase returns and allowances 2. Cost of inventon P11 The total cost of goods available for sale is: c. 000'9 a. P388,000 b. P478,000 c. P470,000 d. P394,000 000' b. P12 P12 a. d. no 3. Purcha return a. 20. The cost of goods sold is: b. P470,000 c. P406,000 b. P478,000 d. P351,000 a. d. c 4. Begir a. c.
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