Sampson companys accounting records show the following for, Ask an Expert

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Sampson Company's accounting records show the following for the year ending on December 31, 2010.

Purchase Discounts $ 5,600
Freight-in 7,800
Purchases 200,010
Beginning Inventory 23,500
Ending Inventory 28,800
Purchase Returns 6,400

Using the periodic system, the cost of goods purchased is ??

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9439988

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