The following information was reported by Belleville Inc. for 2020: ...
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Accounting
The following information was reported by Belleville Inc. for 2020: | |||||||
Merchandise purchased for resale | $25,000 | ||||||
Freight-in | 1,750 | ||||||
Freight-out | 1,000 | ||||||
Purchase returns | 500 | ||||||
Based on this data, Bellevilles 2020 inventoriable cost was | |||||||
$28,250.00 | |||||||
$27,750.00 | |||||||
$26,250.00 | |||||||
$25,000.00 |
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