Which of the following is NOT considered when figuring net purchases?

Question

Quizplus · Accepted Answer

Cost of goods sold is a separate expense account used to calculate the cost of the goods that were sold, it is not included in figuring net purchases. However, purchases (the total cost of inventory purchased during a period), purchase returns (the cost of inventory returned to suppliers), and purchase discounts (the cost savings gained by paying suppliers early) are all considered when figuring net purchases.

Which of the Following Is NOT Considered When Figuring Net