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Calculate the total cost of merchandise purchased using the information in the following table: Invoice cost of merchandise purchases $40,000 Purchase discounts received $ 3,000…

Calculate the total cost of merchandise purchased using the information in the following table: Invoice cost of merchandise purchases $40,000 Purchase discounts received $ 3,000…
asked 69.6k views
1 vote
Calculate the total cost of merchandise purchased using the information in the following table:

Invoice cost of merchandise purchases $40,000
Purchase discounts received $ 3,000
Cost of transportation-in (shipping) $ 500
Costs of purchase returns and allowances $ 100
Multiple choice question.
a. $37,400
b. $40,000
c. $37,600
d. $36,500

asked
User Jesica
by
8.0k points

1 Answer

1 vote

Answer: $37,400

Explanation: Minus 3,000 , minus 500 , minus 100. =$37,400

answered
User Giorgia Sambrotta
by
7.9k points
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