20. Lunch Co.'s records show the following information: Beginning inventory Purchases 60,000 500,000 Purchase returns ? Purchase discounts 10,000 Freight-in Total cost of goods available for sale Cost...

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20. Lunch Co.'s records show the following information:<br>Beginning inventory<br>Purchases<br>60,000<br>500,000<br>Purchase returns<br>?<br>Purchase discounts<br>10,000<br>Freight-in<br>Total cost of goods available for sale<br>Cost of goods sold<br>60,000<br>585,000<br>510,000<br>How much are the purchase returns and ending inventory,<br>respectively?<br>

Extracted text: 20. Lunch Co.'s records show the following information: Beginning inventory Purchases 60,000 500,000 Purchase returns ? Purchase discounts 10,000 Freight-in Total cost of goods available for sale Cost of goods sold 60,000 585,000 510,000 How much are the purchase returns and ending inventory, respectively?
с. 25,000%;B 85,000 d. 15,000; 75,000 а. 25,000; 75,000 С. b. 0; 75,000

с. 25,000%;B 85,000<br>d. 15,000; 75,000<br>а. 25,000; 75,000<br>С.<br>b. 0; 75,000<br>

Extracted text: с. 25,000%;B 85,000 d. 15,000; 75,000 а. 25,000; 75,000 С. b. 0; 75,000

Jun 09, 2022

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20. Lunch Co.'s records show the following information: Beginning inventory Purchases 60,000 500,000 Purchase returns ? Purchase discounts 10,000 Freight-in Total cost of goods available for sale Cost...

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