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Accounting
Calculate the total cost of goods purchased using the following information from Pacific Retail: • • • • Gross merchandise cost = $425,000 Transportation-in = $8,500 Purchase discounts = $6,300 Purchase returns = $12,400 Beginning inventory = $45,000 Ending inventory = $52,000 Sales discounts = $9,800

Calculate the total cost of goods purchased using the following information from Pacific Retail: • • • • Gross merchandise cost = $425,000 Transportation-in = $8,500 Purchase discounts = $6,300 Purchase returns = $12,400 Beginning inventory = $45,000 Ending inventory = $52,000 Sales discounts = $9,800

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Calculate the total cost of goods purchased using the following information from Pacific Retail: • • • • Gross merchandise cost = $425,000 Transportation-in = $8,500 Purchase discounts = $6,300 Purchase returns = $12,400 Beginning inventory = $45,000 Ending inventory = $52,000 Sales discounts = $9,800
Transcribed Image Text:Calculate the total cost of goods purchased using the following information from Pacific Retail: • • • • Gross merchandise cost = $425,000 Transportation-in = $8,500 Purchase discounts = $6,300 Purchase returns = $12,400 Beginning inventory = $45,000 Ending inventory = $52,000 Sales discounts = $9,800
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