Solved: Computing the net sales amount, Managerial Accounting

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Computing the net sales amount

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A company has sales of $1,500,000, sales dis... A company has sales of $1,500,000, sales discounts of $102,000, sales returns and allowances of $123,000, shipping charges of $15,000, sales commissions of $34,000, net income totaled $263,500, and cost of goods sold of $420,000. What is the net sales amount for the period?

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Managerial Accounting: Computing the net sales amount

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