he following information is available for Anderson Company: Sales $105,000 Carriage Inwards $3,500 Ending Inventory 9,000 Purchase Returns and Allowances 1,500 Purchases 60,000 Beginning Inventory 11,000 Carriage outwards 10,000 Anderson’s cost of goods sold is:

he following information is available for Anderson Company: Sales $105,000 Carriage Inwards $3,500 Ending Inventory 9,000 Purchase Returns and Allowances 1,500 Purchases 60,000 Beginning Inventory 11,000 Carriage outwards 10,000 Anderson’s cost of goods sold is:

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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Question

The following information is available for Anderson Company:

Sales $105,000

Carriage Inwards $3,500

Ending Inventory 9,000

Purchase Returns and Allowances 1,500

Purchases 60,000

Beginning Inventory 11,000

Carriage outwards 10,000

Anderson’s cost of goods sold is:

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