Sales 750,000 Sales Returns and Allowances 15.000 Sales Discounts 10.000 Purchases 170.000 Purchases Returns and 20,000 Allowances Transportation In 30.000 selling Expenses 75.000 General and Administrative 275.000 Expenses In addition, the beginning merchandise inventory was P55,000 and ending merchandise inventory was P35,.000. 31. Cost of goods sold for the period was O P235000 O P160.000 P200.000 O P170.000
Sales 750,000 Sales Returns and Allowances 15.000 Sales Discounts 10.000 Purchases 170.000 Purchases Returns and 20,000 Allowances Transportation In 30.000 selling Expenses 75.000 General and Administrative 275.000 Expenses In addition, the beginning merchandise inventory was P55,000 and ending merchandise inventory was P35,.000. 31. Cost of goods sold for the period was O P235000 O P160.000 P200.000 O P170.000
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 46E
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