Mortons cost of goods sold, Accounting Basics

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Mortons cost of goods sold

The following information is available for Morton Company:

Sales $130,000 Freight-in $10,000
Ending Merchandise Inventory 12,000 Purchase Returns and Allowances 5,000
Purchases 90,000 Beginning Merchandise Inventory 15,000

Morton's cost of goods sold is:

a. $115,000.

b. $110,000.

c. $98,000.

d. $95,000.

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Accounting Basics: Mortons cost of goods sold

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Ask an Expert for Answer!!

Accounting Basics: Mortons cost of goods sold

Reference No:- TGS094006

Recent Questions Asked Accounting Basics

Q : Examining supply chain profitability

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Q : Mortons cost of goods sold

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