Reference no: EM132854936
Question - The following are taken from the ledger balances of TIRA MI Soup. Sales P74,200. Purchases P37,900, Ending Inventory, P35,000, Sales Returns and Allowances, P18,100, Purchase Discounts, P6,000, Beginning Inventory, P18,000, Sales Discount, P15,500, Freight In, P2,000, Purchase Returns and Allowances P2,000, Freight Out, P3,500. What is the amount of cost of goods sold?
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