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19. Sales revenue Freight in Beginning inventory Purchases discounts 44,000 75,000 20,000 44,000 Sales returns and allowances 99,000 Operating expenses Ending inventory 72,000 415,000 Purchases Sales discounts 25,000 William Browning, withdrawals 61,000 Purchase returns and allowances 36,000 A. The total cost of goods available for sale is: a. P388,000 b. P478,000 P470,000 d. P394,000 C. B.The cost of goods sold is: a. P470,000 b. P478,000 P406,000 d. P351,000 C.

19. Sales revenue Freight in Beginning inventory Purchases discounts 44,000 75,000 20,000 44,000 Sales returns and allowances 99,000 Operating expenses Ending inventory 72,000 415,000 Purchases Sales discounts 25,000 William Browning, withdrawals 61,000 Purchase returns and allowances 36,000 A. The total cost of goods available for sale is: a. P388,000 b. P478,000 P470,000 d. P394,000 C. B.The cost of goods sold is: a. P470,000 b. P478,000 P406,000 d. P351,000 C.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 10MC: A retailer pays on credit for $650 worth of inventory, terms 3/10, n/40. If the merchandiser pays...
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P 750,000 19. Sales revenue Freight in Beginning inventory Purchases discounts Sales returns and allowances Operating expenses Ending inventory Purchases 44,000 75,000 20,000 44,000 99,000 72,000 415,000 Sales discounts 25,000 William Browning, withdrawals Purchase returns and allowances 61,000 36,000 A. The total cost of goods available for sale is: a. P388,000 b. P478,000 C. P470,000 d. P394,000 B.The cost of goods sold is: a. P470,000 b. P478,000 C. P406,000 d. P351,000
Transcribed Image Text:P 750,000 19. Sales revenue Freight in Beginning inventory Purchases discounts Sales returns and allowances Operating expenses Ending inventory Purchases 44,000 75,000 20,000 44,000 99,000 72,000 415,000 Sales discounts 25,000 William Browning, withdrawals Purchase returns and allowances 61,000 36,000 A. The total cost of goods available for sale is: a. P388,000 b. P478,000 C. P470,000 d. P394,000 B.The cost of goods sold is: a. P470,000 b. P478,000 C. P406,000 d. P351,000
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