Below are some of the account balances of FDN Company.PurchasesP 1,264,500Purchase returns and allowances39,725Freight in35,800Freight out21,950Beginning inventory251,150Cost of goods sold1,232,825How much is the total cost of goods available for sale?

solution given Purchases 1264500 Purchase return and allowances 39725 Freight in…

Answered: How much is the total cost of goods…

Business

Accounting

How much is the total cost of goods available for sale?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 12PA: Compare the calculations for gross margin for A76 Company, based on the results of the perpetual...

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Question

Below are some of the account balances of FDN Company.
Purchases
P 1,264,500
Purchase returns and allowances
39,725
Freight in
35,800
Freight out
21,950
Beginning inventory
251,150
Cost of goods sold
1,232,825
How much is the total cost of goods available for sale?

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