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

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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I want to correct answer general accounting question

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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