Question - Donovan Inc., a retail store chain, had the following information in its general ledger for the year 2015.
Merchandise purchased for resale
|
$909,400
|
Interest on notes payable to vendors
|
8,700
|
Purchase returns
|
16,500
|
Freight-in
|
22,000
|
Freight-out
|
17,100
|
Cash discounts on purchases
|
6,800
|
What is Donovan's inventoriable cost for 2015?