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Your answer is incorrect. Your answer for Beginning Merchandise Inventory is not correct. ...

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Accounting

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Your answer is incorrect. Your answer for Beginning Merchandise Inventory is not correct. Your answer for Cost of Goods Available for Sale is not correct. Sanchez Company has the following account balances for the current year. Required: Compute the missing amounts. Beginning Merchandise Inventory Purchases $ 324,490 328,000 Purchases Returns and Allowances 1,310 2,200 2,500 Purchase Discounts Freight-In Cost of Goods Purchased Cost of Goods Available for Sale Ending Merchandise Inventory 326,990 13,500 50,000 Cost of Goods Sold 310,990 ? Recheck Try again

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