Avery Supplies uses a periodic inventory system. From the following details, calculate the cost of goods sold. $$\begin{array} { | l | r | }
\hline \text { Beginning merchandise inventory } & \$ 3,000 \
\hline \text { Ending inventory } & 2,100 \
\hline \text { Purchases } & 24,000 \
\hline \text { Purchase discounts } & 800 \
\hline \text { Purchase returns \& allowances } & 1,200 \
\hline \text { Freight in } & 4,200 \
\hline
\end{array}$$

Question

Avery Supplies uses a periodic inventory system. From the following details, calculate the cost of goods sold. $$\begin{array} { | l | r | } 
\hline \text { Beginning merchandise inventory } & \$ 3,000 \
\hline \text { Ending inventory } & 2,100 \
\hline \text { Purchases } & 24,000 \
\hline \text { Purchase discounts } & 800 \
\hline \text { Purchase returns \& allowances } & 1,200 \
\hline \text { Freight in } & 4,200 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Avery Supplies uses a periodic inventory system. From the following details, calculate the cost of goods sold. $$\begin{array} { | l | r | } 
\hline \text { Beginning merchandise inventory } & \$ 3,000 \
\hline \text { Ending inventory } & 2,100 \
\hline \text { Purchases } & 24,000 \
\hline \text { Purchase discounts } & 800 \
\hline \text { Purchase returns \& allowances } & 1,200 \
\hline \text { Freight in } & 4,200 \
\hline
\end{array}$$

Avery Supplies Uses a Periodic Inventory System