Multiple choice 10. Using the following information, what is the amount of net sales?b.C.25,780ned. 56,250a.PurchasesP28,000Merchandise inventory April 16,50013Sales returns and allowances750Purchases returns and allowances1,000Purchases discountsP800Merchandise inventory April 307,800Sales57,000Transportation in25,780b. 57,000880a.с.57,750d. 56,250P28,000

>Sales is the main source of revenue of manufacturing or merchandising business. >Sales can…

10. Using the following information, what is the amount of net sales? P28,000 Purchases Merchandise inventory April 1 6,500 Sales returns and allowances Purchases returns and allowances 750 1,000 P800 Purchases discounts Merchandise inventory April 30 Sales 7,800 57,000 880 Transportation in a. 25,780 b. 57,000 c. 57,750 d. 56,250 of merchan

10. Using the following information, what is the amount of net sales? P28,000 Purchases Merchandise inventory April 1 6,500 Sales returns and allowances Purchases returns and allowances 750 1,000 P800 Purchases discounts Merchandise inventory April 30 Sales 7,800 57,000 880 Transportation in a. 25,780 b. 57,000 c. 57,750 d. 56,250 of merchan

Corporate Financial Accounting

15th Edition

ISBN:9781337398169

Author:Carl Warren, Jeff Jones

Publisher:Carl Warren, Jeff Jones

Chapter6: Inventories

Section: Chapter Questions

Problem 7DQ: Using the following data, how should the inventory be valued under lower of cost or market? Original...

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