Question Details

Assume that Guardian Company uses a periodic inventory system and has these account



Assume that Guardian Company uses a periodic inventory system and has these account
balances: Purchases $600,000; Purchase Returns and Allowances $25,000; Purchase Discounts
$11,000; and Freight-in $19,000; beginning inventory of $45,000; ending inventory of $55,000;
and net sales of $750,000. Determine the cost of goods sold.


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