costs totaled 30,000 FOB Shipping point. The company returned 10,000 amount of merchandise and availed 45,000 discounts. Since this is the start of the operations, no inventories were computed in the beginning while half of the amount of the net purchases is considered as the ending inventories. how much is the gross purchases?

costs totaled 30,000 FOB Shipping point. The company returned 10,000 amount of merchandise and availed 45,000 discounts. Since this is the start of the operations, no inventories were computed in the beginning while half of the amount of the net purchases is considered as the ending inventories. how much is the gross purchases?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6EB: Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a...

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