The following information applied to Michaels Company for 2014: Merchandise purchased for resale. $400,000...
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Accounting
The following information applied to Michaels Company for 2014: Merchandise purchased for resale. $400,000 Freight-in $7,500 Interest on notes payable to vendors. $3,000 Purchase returns. $2,500 Michaels inventoriable cost for 2014 was A) $409,000 B) $405,000 C) $407,500 D) $406,000
Merchandise purchased for resale. $400,000
Freight-in $7,500
Interest on notes payable to vendors. $3,000
Purchase returns. $2,500
Michaels inventoriable cost for 2014 was
A) $409,000
B) $405,000
C) $407,500
D) $406,000
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