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25 April, 17:32

Sampson Company's accounting records show the following at 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 A. $180,210. B. $204,210. C. $208,610. D. $195,810.

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  1. 25 April, 20:22
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    The correct answer is D.

    Explanation:

    Giving the following information:

    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

    Purchased = 200,010 + 7,800 - 5,600 - 6,400 = $195,810
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