Calculate the cost of goods available for sale using the following data: Purchase P 80,000 Transportation In 3,000 3, 200 Purchase Returns and Allowances Beginning Inventory 31,000 Purchase Discounts 2,100
Calculate the cost of goods available for sale using the following data: Purchase P 80,000 Transportation In 3,000 3, 200 Purchase Returns and Allowances Beginning Inventory 31,000 Purchase Discounts 2,100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Learning Task 1:
Calculate the cost of goods available for sale using the following data:
Purchase
P 80,000
Transportation In
3,000
Purchase Returns and Allowances
Beginning Inventory
3, 200
31,000
2,100
Purchase Discounts](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7d9fb1a2-f895-459c-93b2-3a96a18f8322%2F444d0901-ade0-4eef-ac9b-53a02155e47a%2Fwt1vzfs_processed.png&w=3840&q=75)
Transcribed Image Text:Learning Task 1:
Calculate the cost of goods available for sale using the following data:
Purchase
P 80,000
Transportation In
3,000
Purchase Returns and Allowances
Beginning Inventory
3, 200
31,000
2,100
Purchase Discounts
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