FDN Company had the following transactions during their firstyear of operations:Purchased goods worth P100,000 on accountPaid transportation costs of P10,000 on the purchase above.Returned damaged goods worth P2,000 to the supplier.Sold goods costing P82,000 for P123,000 on account.A customer returned goods with sale price of P9,000 and cost ofP6,000.How much is the cost of goods available for sale?

Name: FDN Company had the following transactions during their firstyear of
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Description: FDN Company had the following transactions during their firstyear of operations:Purchased goods worth P100,000 on accountPaid transportation costs of P10,000 on the purchase above.Returned damaged goods worth P2,000 to the supplier.Sold goods costin

Introduction Cost of goods available for sale: The most inventory a corporation may potentially…

Business

Accounting

DN Company had the following transactions during th ear of operations: urchased goods worth P100,000 on account aid transportation costs of P10,000 on the purchase a eturned damaged goods worth P2,000 to the supplier old goods costing P82,000 for P123,000 on account. customer returned goods with sale price of P9,000 ar 6,000. "

DN Company had the following transactions during th ear of operations: urchased goods worth P100,000 on account aid transportation costs of P10,000 on the purchase a eturned damaged goods worth P2,000 to the supplier old goods costing P82,000 for P123,000 on account. customer returned goods with sale price of P9,000 ar 6,000. "

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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