Question - The following details are provided by Blue Bell Merchandisers.
|
Net Sales
|
$198,000
|
|
Purchases
|
92,000
|
|
Purchases Returns and Allowances
|
1,800
|
|
Purchases Discounts
|
1,250
|
|
Freight In
|
1,590
|
|
Beginning Merchandise Inventory
|
63,000
|
|
Ending Merchandise Inventory
|
37,000
|
Calculate the amount of net purchases.
$151,950
$87,360
$88,950
$106,000