On November 30,2016,the general ledger of Hinges and More Hardware,a retail store,showed the following balances: Purchases,$136,750;Freight In,$2,500;Purchases Returns and Allowances,$4,000.
Determine the following:
A)What was the delivered cost of purchases for November?
B)What was the net delivered cost of purchases for November?

Question

Quizplus · Accepted Answer

The Answer of On November 30,2016,the general ledger of Hinges and More Hardware,a retail store,showed the following balances: Purchases,$136,750;Freight In,$2,500;Purchases Returns and Allowances,$4,000.
Determine the following:
A)What was the delivered cost of purchases for November?
B)What was the net delivered cost of purchases for November?

On November 30,2016,the General Ledger of Hinges and More Hardware,a