omputational. From the following information, determine the amount of ending inventory. Beginning Inventory - P20,000 Purchases - 41,000 Purchase Returns and Allowances - 3,000 Purchase Discounts - 4,000 Freight-In – 10% of gross purchases Cost of Goods Available for Sale - 55,000 Cost of Goods Sold - 22,500

omputational. From the following information, determine the amount of ending inventory. Beginning Inventory - P20,000 Purchases - 41,000 Purchase Returns and Allowances - 3,000 Purchase Discounts - 4,000 Freight-In – 10% of gross purchases Cost of Goods Available for Sale - 55,000 Cost of Goods Sold - 22,500

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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