Question - Determining the cost of purchases
On June 30 the general ledger of Bentleys New York, a clothing store, showed a balance of $53,495 in the Purchases account, a balance of $2,875 in the Freight In account, and a balance of $5,220 in the Purchases Returns and Allowances account.
What was the delivered cost of the purchases made during June? What was the net delivered cost of these purchases?