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Evgesh-ka [11]
2 years ago
7

Marigold Lake Corporation’s accounting records show the following at year-end December 31, 2017:

Business
1 answer:
FrozenT [24]2 years ago
8 0

Answer:

Cost of Goods Purchased;

= Purchases - Purchase Returns and Allowances - Purchase Discounts + Freight-In

= 163,210 - 3,810 - 5,960 + 8,710

= $162,510

Cost of Goods Sold

= Beginning Inventory + Cost of Goods Purchased - Ending Inventory

= 33,550 + 162,510 - 28,600

=  $167,100

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