Business, 18.11.2020 17:10, raekwon12

Marigold Lake Corporation’s accounting records show the following at year-end December 31, 2017: Purchase Discounts

$5,960
Beginning Inventory

$33,550
Freight-In

8,710
Ending Inventory

28,600
Freight-Out

10,940
Purchase Returns and Allowances

3,810
Purchases

163,210

Assuming that Marigold Lake Corporation uses the periodic system, compute cost of goods purchased and cost of goods sold.

Cost of goods purchased

Cost of goods sold

Answers: 1

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Marigold Lake Corporation’s accounting records show the following at year-end December 31, 2017: Pu...