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Oakridge Company provides the following amounts for the current year: Beginning inventory: $42,000 • • Ending inventory: $38,500 • Purchases: $215,000 ⚫ Purchase returns: $8,200 • ⚫ Freight-in: $6,300 ⚫ Freight-out: $9,100 Calculate the cost of goods sold (COGS) for Oakridge Company.

Oakridge Company provides the following amounts for the current year: Beginning inventory: $42,000 • • Ending inventory: $38,500 • Purchases: $215,000 ⚫ Purchase returns: $8,200 • ⚫ Freight-in: $6,300 ⚫ Freight-out: $9,100 Calculate the cost of goods sold (COGS) for Oakridge Company.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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Oakridge Company provides the following amounts for the current year: Beginning inventory: $42,000 • • Ending inventory: $38,500 • Purchases: $215,000 ⚫ Purchase returns: $8,200 • ⚫ Freight-in: $6,300 ⚫ Freight-out: $9,100 Calculate the cost of goods sold (COGS) for Oakridge Company.
Transcribed Image Text:Oakridge Company provides the following amounts for the current year: Beginning inventory: $42,000 • • Ending inventory: $38,500 • Purchases: $215,000 ⚫ Purchase returns: $8,200 • ⚫ Freight-in: $6,300 ⚫ Freight-out: $9,100 Calculate the cost of goods sold (COGS) for Oakridge Company.
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