Business
Business, 25.10.2019 01:43, roseemariehunter12

S5b-17 (similar to) upper g wholesale company began the year with merchandise inventory of $ 5 comma 000. during the year, upper g purchased $ 97 comma 000 of goods and returned $ 6 comma 500 due to damage. upper g also paid freight charges of $ 1 comma 600 on inventory purchases. at year-end, upper g's ending merchandise inventory balance stood at $ 17 comma 200. assume that upper g uses the periodic inventory system. compute upper g's cost of goods sold for the year. less: plus: less: cost of goods sold

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