Below are some of the account balances of FDN Company. Purchases P 1,269,500 Purchase returns and allowances 59,725 Freight in 33,800 Freight out 28,950 Beginning inventory 289,150 Cost of goods sold 1,232,825 How much is the total cost of goods available for sale?
Below are some of the account balances of FDN Company. Purchases P 1,269,500 Purchase returns and allowances 59,725 Freight in 33,800 Freight out 28,950 Beginning inventory 289,150 Cost of goods sold 1,232,825 How much is the total cost of goods available for sale?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Below are some of the account balances of FDN Company.
Purchases
P 1,269,500
Purchase returns and allowances
59,725
Freight in
33,800
Freight out
28,950
Beginning inventory
289,150
Cost of goods sold
1,232,825
How much is the total cost of goods available for sale?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F38998af1-02f4-4df8-b8ba-38525c5ae98f%2Fed20e1e2-9155-411d-b7f0-620385466eee%2Fzs2lg9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Below are some of the account balances of FDN Company.
Purchases
P 1,269,500
Purchase returns and allowances
59,725
Freight in
33,800
Freight out
28,950
Beginning inventory
289,150
Cost of goods sold
1,232,825
How much is the total cost of goods available for sale?
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