19. Sales revenue P 750,000 Freight in Beginning inventory Purchases discounts 44,000 Sales returns and allowances Operating expenses Ending inventory 72,000 000'S 000's Purchases Sales discounts William Browning, withdrawals Purchase returns and allowances 000'9 000's The total cost of goods available for sale is: a. P388,000 b. P478,000 c. P470,000 d. P394,000 20. The cost of goods sold is: a. P470,000 b. P478,000 c. P406,000 d. P351,000
19. Sales revenue P 750,000 Freight in Beginning inventory Purchases discounts 44,000 Sales returns and allowances Operating expenses Ending inventory 72,000 000'S 000's Purchases Sales discounts William Browning, withdrawals Purchase returns and allowances 000'9 000's The total cost of goods available for sale is: a. P388,000 b. P478,000 c. P470,000 d. P394,000 20. The cost of goods sold is: a. P470,000 b. P478,000 c. P406,000 d. P351,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter8: Inventories: Special Valuation Issues
Section: Chapter Questions
Problem 6P: Retail Inventory Method Turner Corporation uses the retail inventory method. The following...
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