Assignment # 3 (Problem 2-30)

Assignment # 3 (Problem 2-30) - 10,000 Cost of Goods...

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Naiya Amin ACCT 3240*01 WE Assignment # 3 Problem 2-30 September 13th 2010 Computing Cost of goods purchased and cost of goods sold Marvin Department Store Schedule of cost of goods purchased for the year ending December 31st 2008 (In thousands) Purchases 155,000 Add: Transportation In 7,000 162,000 Deduct: Purchase Return and Allowance 4,000                 Purchase Discount 6,000 10,000
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Unformatted text preview: 10,000 Cost of Goods Purchased 152,000 Marvin Department Store Schedule of cost of goods sold for the year ending December 31st 2008 (In thousands) Merchandise inventory (January, 1st 2008) 27,000 Cost of goods purchased (Above Calculation) 152,000 Cost of goods available for sale 179,000 Merchandise inventory (December, 31st 2008) 34,000 Cost of goods sold 145,000...
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