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Supplementary records of merchandising activities

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On August 31, 2012, merchandise inventory was $24,614. Supplementary records of merchandising activities for the year ended August 31, 2013, reveal the following itemized costs.

  • Invoice cost of merchandise purchases$89,670
  • Purchase discounts received1,883
  • Purchase returns and allowances4,304
  • Costs of transportation-in3,900

Reference no: EM13786808

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