Purchases Merchandise inventory September 1 Sales returns and allowances Purchases returns and allowances Purchases discounts Merchandise inventory September 30 Sales $32,000 5,700 $960 6,370 910 63,000 1,200 Freight In 1,040

Purchases Merchandise inventory September 1 Sales returns and allowances Purchases returns and allowances Purchases discounts Merchandise inventory September 30 Sales $32,000 5,700 $960 6,370 910 63,000 1,200 Freight In 1,040

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Inventories

Section: Chapter Questions

Problem 6.2BE: Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as...

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Question

net purchases value???

Purchases
Merchandise inventory
September 1
Sales returns and
allowances
Purchases returns and
allowances
Purchases discounts
Merchandise inventory
September 30
Sales
$32,000
5,700
$960
6,370
910
63,000
1,200
Freight In
1,040

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