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Based on the Following Data, Determine the Cost of Merchandise

Question 145

Essay

Based on the following data, determine the cost of merchandise sold for October.  Merchandise Inventory, October 1 $98,560 Merchandise Inventory, October 31102,330 Purchases 433,880 Purchases Returns & Allowances 12,760 Purchases Discounts 9,900 Transportation In 7,620\begin{array}{lr}\text { Merchandise Inventory, October 1 } & \$ 98,560 \\\text { Merchandise Inventory, October } 31 & 102,330 \\\text { Purchases } & 433,880 \\\text { Purchases Returns \& Allowances } & 12,760 \\\text { Purchases Discounts } & 9,900 \\\text { Transportation In } & 7,620\end{array}

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Cost of merchandise sold: \[\begin{array ...

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