Question

For the current fiscal year, Purchases were $310,000, Purchase Returns and Allowances were $4,600 and Freight In was $25,000. If the beginning merchandise inventory was $190,000 and the ending merchandise inventory was $91,000, the Net Delivered Cost of Purchases is:________.

Answer 1

Answer: $330,400

Step-by-step explanation:

Based on the values provided in the question, the net delivered cost of purchases will be:

Purchases = $310,000

Less: Purchases return = $4600

Add: Freight in = $25,000

Net delivered cost of purchases =$330,400