thank you! Matthews Distributors is an award winning beverage distributor in the state of lowa. For the current year, Matthews Distributors hasthe following transactions: total beverage sales = $560,000; sales discounts = $10,500; sales returns = $31,000; sales allowances =$11,000. In addition, at the end of the year the company estimates the following transactions associated with beverage sales in thecurrent year will occur next year: sales discounts = $1,050; sales returns = $3,720; sales allowances = $1,470. Compute net sales.Total salesNet sales

Net sales = Total sales - Sales discount - Sales return - Sales allowance

Answered: Matthews Distributors is an award…

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter10: Cost Analysis For Management Decision Making

Section: Chapter Questions

Problem 18E

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