13. The following data is for a company which uses a periodic inventory system: Sales revenue = P600,000 Freight in = P42,000 Beginning inventory = P 77,000 Purchase discounts = P 9,000 Sales returns and allowances = P 33,000 Operating expenses = P 77,000 Ending inventory = P 81,000 Purchases = P 415,000 %3D Sales discounts = P 35,000 %3D Owner's, withdrawals = P 71,000 Purchase returns and allowances = P 39,000 Determine the total goods available for sale.

13. The following data is for a company which uses a periodic inventory system: Sales revenue = P600,000 Freight in = P42,000 Beginning inventory = P 77,000 Purchase discounts = P 9,000 Sales returns and allowances = P 33,000 Operating expenses = P 77,000 Ending inventory = P 81,000 Purchases = P 415,000 %3D Sales discounts = P 35,000 %3D Owner's, withdrawals = P 71,000 Purchase returns and allowances = P 39,000 Determine the total goods available for sale.

Name: Please answer the question correctly. Merchandise accounting topic 13.
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Description: Please answer the question correctly. Merchandise accounting topic 13. The following data is for a company which uses a periodic inventorysystem:Sales revenueP600,000Freight in = P42,000Beginning inventory = P 77,000Purchase discounts = P 9,000Sales

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 2TP: Assume your company uses the periodic inventory costing method, and the inventory count left out an...

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