Cost of goods sold is $7,400. Beginning inventory is $3,500 and ending inventory is $4,000. If there is no freight in and total purchases were $8,250, how much were purchase returns and allowances?

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The Answer of Cost of goods sold is $7,400. Beginning inventory is $3,500 and ending inventory is $4,000. If there is no freight in and total purchases were $8,250, how much were purchase returns and allowances?

Cost of Goods Sold Is $7,400