The following is selected information from Mars Corp. Inventory, February 28, 2018 $456,000 Inventory, March 31, 2018 330,000 Purchase Discounts 12,450 Purchase Returns and Allowances 23,870 Sales 277,900 Sales Discounts 34,650 Gross Purchases 126,200 Compute net purchases, and cost of goods sold for the month of March. Assume the perpetual and periodic methods are used. Net purchases Cost of Goods Sold $

Question
The following is selected information from Mars Corp.
Inventory, February 28, 2018
$456,000
Inventory, March 31, 2018
330,000
Purchase Discounts
12,450
Purchase Returns and Allowances
23,870
Sales
277,900
Sales Discounts
34,650
Gross Purchases
126,200
Compute net purchases, and cost of goods sold for the
month of March. Assume the perpetual and periodic
methods are used.
Net purchases
Cost of Goods Sold $
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The following is selected information from Mars Corp. Inventory, February 28, 2018 $456,000 Inventory, March 31, 2018 330,000 Purchase Discounts 12,450 Purchase Returns and Allowances 23,870 Sales 277,900 Sales Discounts 34,650 Gross Purchases 126,200 Compute net purchases, and cost of goods sold for the month of March. Assume the perpetual and periodic methods are used. Net purchases Cost of Goods Sold $

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