Multiple choice Sales revenueP600,000Freight inBeginning inventoryPurchase discounts000000'LL000'6Sales returns and allowancesOperating expensesEnding inventory000'000'LL000'Purchases415,000Sales discountsJ.M. Paculan, withdrawals000'SE000 TLCost4089. The following data is for the J.M Paculan Corporation: Purchase returns and allowances39,000The total cost of goods available for sale for the J.M. Paculan Corporationis:a. P489,000b. P408,000C. P476,000d. P441,000count,The cost of goods sold for J.M. Paculan Corporation is:a. P524,000b. P489,000C. P557,000d. P395,000yer ofa:balances to zero:for doubtful accounts

Cost of goods available for sale represents the cost of goods available for sales during the period.…

J.M. Paculan, withdrawals Sales discounts 000 T 000's 000'S 000 000'LL Purchases Ending inventory Operating expenses 000' 000'6 000'LL Sales returns and allowances Purchase discounts Beginning inventory Freight in Sales revenue 000' 000'009d 9. h ollowin ata s or he .M aculan Corporation:

J.M. Paculan, withdrawals Sales discounts 000 T 000's 000'S 000 000'LL Purchases Ending inventory Operating expenses 000' 000'6 000'LL Sales returns and allowances Purchase discounts Beginning inventory Freight in Sales revenue 000' 000'009d 9. h ollowin ata s or he .M aculan Corporation:

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter13: Accounting For Merchandise Inventory

Section: Chapter Questions

Problem 4CE: Kulsrud Company would like to estimate the current inventory level. Using the gross profit method...

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