Based on the data above, the cost of goods available for sale was: O $1,180,000 O $1,080,000 $1,380,000 None of the above

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Based on the data above, the cost of goods available for sale was:
O $1,180,000
O $1,080,000
O $1,380,000
None of the above
Transcribed Image Text:Based on the data above, the cost of goods available for sale was: O $1,180,000 O $1,080,000 O $1,380,000 None of the above
answer the three questions below
The following accounts are extracted from the worksheet of X Company on
December 31, 2020:
Cost of Goods Sold
Freight in
Inventory (Jauary 1. 2020)
Purchases
Purcha ses Discount
Purcha ses Returns and Allowances
$950.000
200,000
300,000
980.000
60,000
40,000
Transcribed Image Text:answer the three questions below The following accounts are extracted from the worksheet of X Company on December 31, 2020: Cost of Goods Sold Freight in Inventory (Jauary 1. 2020) Purchases Purcha ses Discount Purcha ses Returns and Allowances $950.000 200,000 300,000 980.000 60,000 40,000
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