2-3. The following are taken from the ledger balances of TIRA MI SOUP: Sales P74,200, Purchases P37,900, Ending Inventory, P35,000, Sales Returns and Allowances, P18,100, Purchase Discounts P6,000,...

1. What is the cost of goods available for sale?

2. What is the gross profit?

2-3. The following are taken from the ledger balances of TIRA MI SOUP: Sales P74,200, Purchases<br>P37,900, Ending Inventory, P35,000, Sales Returns and Allowances, P18,100, Purchase Discounts<br>P6,000, Beginning Inventory, P18,000, Sales Discount, P15,500, Freight In,P2,000, Purchas<br>Returns and Allowances, P2,000, Freight Out, P3,500.<br>

Extracted text: 2-3. The following are taken from the ledger balances of TIRA MI SOUP: Sales P74,200, Purchases P37,900, Ending Inventory, P35,000, Sales Returns and Allowances, P18,100, Purchase Discounts P6,000, Beginning Inventory, P18,000, Sales Discount, P15,500, Freight In,P2,000, Purchas Returns and Allowances, P2,000, Freight Out, P3,500.

Jun 10, 2022

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2-3. The following are taken from the ledger balances of TIRA MI SOUP: Sales P74,200, Purchases P37,900, Ending Inventory, P35,000, Sales Returns and Allowances, P18,100, Purchase Discounts P6,000,...

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