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Today, 19:14

During the year, a firm purchased $256,900 of merchandise and paid freight charges of $36,870. If the total purchases returns and allowances were $13,690 and purchase discounts were $9,160 for the year, what is the net delivered cost of purchases?

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  1. Today, 20:15
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    The net delivered cost of purchases is $270920

    Explanation:

    The given data in the question is as follows:

    purchases = $256900, freight charges paid = $36870, purchase returns and allowances = $13690, purchase discounts = $9160

    The net delivered cost of purchases is calculated as follows:

    Purchases plus frieght charges minus purchase returns and allowances and minus purchase discounts

    Purchases = $256900

    add: freight charges paid = $36870

    less: purchase returns and allowances = $13690

    less: purchase discounts = $9160

    net delivered cost = $270920

    Therefore, the correct answer is $270920
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