E4-4 - 17,250 Cost of merchandise purchased 1,235,150...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
MENISCUS COMPANY Merchandise inventory, July 1, 2007 183,250 Purchases 1,279,600 Less: Purchase returns and allowances 41,200 Purchase discounts 20,500 61,700 Net purchases 1,217,900 Add transportation in
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 17,250 Cost of merchandise purchased 1,235,150 Merchandise available for sale 1,418,400 Less merchandise inventory. December 31, 2010 200,100 Cost of merchandise sold 1,218,300...
View Full Document

Ask a homework question - tutors are online