Solution-Which is not considered in computing net cost of

Which is not considered in computing net cost of purchases

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Reference no: EM132739206

Problem 1: Which of the following is not considered in computing net cost of purchases?

a. Purchases

b. Goods returned to vendor

c. Transportation paid on goods shipped to customers

d. Transportation paid on purchased goods

Problem 2: Merchandise was purchased for P5,000 and paid P200 for freight, FOB destination, freight collect. The merchandise was sold at 120% of the cost. The gross profit is:

a. P 1,040.

b. P 1,000.

c. P 6,240.

d. P 6,000

Reference no: EM132739206

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Which is not considered in computing net cost of purchases

Reference no: EM132739206

Reference no: EM132739206

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