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Avery Supplies Uses a Periodic Inventory System -How Much Is Net Purchases?
A) $26,000
B) $22,000
C)

Question 163

Multiple Choice

Avery Supplies uses a periodic inventory system.Please refer to the following data:  Beginning inventory $3,000 Ending inventory 2,100 Purchases 24,000 Purchase discounts 800 Purchase returns & allowances 1,200 Freight in 4,200\begin{array}{|l|r|}\hline \text { Beginning 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}
-How much is Net purchases?


A) $26,000
B) $22,000
C) $25,000
D) $23,200

Correct Answer:

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