Comprest Company has the following account balances: Purchases of $ 9,608, Purchase Returns and Allowances of $ 953, Purchase Discounts of $1,584, Freight-In of $ 56, Freight-Out of $ 594,and Beginning Inventory of $4,962. What is the Cost of Goods Available for Sale?

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
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Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 22Q: The following is select account information for August Sundries. Sales: $850,360; Sales Returns and...
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Comprest Company has the following account balances: Purchases of $ 9,608,
Purchase Returns and Allowances of $ 953, Purchase Discounts of $1,584,
Freight-In of $ 56, Freight-Out of $ 594,and Beginning Inventory of $4,962.
What is the Cost of Goods Available for Sale?
Transcribed Image Text:Comprest Company has the following account balances: Purchases of $ 9,608, Purchase Returns and Allowances of $ 953, Purchase Discounts of $1,584, Freight-In of $ 56, Freight-Out of $ 594,and Beginning Inventory of $4,962. What is the Cost of Goods Available for Sale?
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