The following information is available for Dennehy Company: $390,000 Sales Revenue Freight-in $30,000 Ending Inventory 37,500 Purchase Returns and 15,000 Allowances Purchases 270,000 Beginning Inventory 45,000 Dennehy's cost of goods sold is O a) $292,500. O b) $262,500. O c) $345,000. d) $285,000.

The following information is available for Dennehy Company: $390,000 Sales Revenue Freight-in $30,000 Ending Inventory 37,500 Purchase Returns and 15,000 Allowances Purchases 270,000 Beginning Inventory 45,000 Dennehy's cost of goods sold is O a) $292,500. O b) $262,500. O c) $345,000. d) $285,000.

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

1) Listen
The following information is available for Dennehy Company:
$390,000
Sales Revenue
Freight-in
$30,000
Ending Inventory
37,500
Purchase Returns and
15,000
Allowances
Purchases
270,000
Beginning Inventory
45,000
Dennehy's cost of goods sold is
O a) $292,500.
O b) $262,500.
O c) $345,000.
d) $285,000.

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