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19. Temple Co.'s records show the following information: Beginning inventory 60,000 500,000 Purchases 25,000 Purchase returns 10,000 Purchase discounts Freight-in Cost of goods sold Ending inventory 510,000 75,000 How much are the freight-in and total cost of goods available for sale, respectively? a. 70,000; 515,000 b. 60,000; 585,000 c. 40,000; 545,000 d. 0; 525,000

19. Temple Co.'s records show the following information: Beginning inventory 60,000 500,000 Purchases 25,000 Purchase returns 10,000 Purchase discounts Freight-in Cost of goods sold Ending inventory 510,000 75,000 How much are the freight-in and total cost of goods available for sale, respectively? a. 70,000; 515,000 b. 60,000; 585,000 c. 40,000; 545,000 d. 0; 525,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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19. Temple Co.'s records show the following information: Beginning inventory 60,00 500,00 Purchases 25,00 Purchase returns 10,00 Purchase discounts ? Freight-in Cost of goods sold Ending inventory 510,00 75,00 How much are the freight-in and total cost of goods available for sale, respectively? a. 70,000; 515,000 b. 60,000; 585,000 c. 40,000; 545,000 d. 0; 525,000
Transcribed Image Text:19. Temple Co.'s records show the following information: Beginning inventory 60,00 500,00 Purchases 25,00 Purchase returns 10,00 Purchase discounts ? Freight-in Cost of goods sold Ending inventory 510,00 75,00 How much are the freight-in and total cost of goods available for sale, respectively? a. 70,000; 515,000 b. 60,000; 585,000 c. 40,000; 545,000 d. 0; 525,000
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