what is the value of the goods purchased
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The cost of goods purchased is the net cost of merchandise acquired. The calculation is to add freight in to the initial purchase cost and then subtract the following items: Purchase allowances. Purchase discounts.
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❥ Qᴜᴇꜱᴛɪᴏɴ :
❥ ᴀɴꜱᴡᴇʀ :
The cost of goods purchased is the net cost of merchandise acquired. The calculation is to add freight in to the initial purchase cost and then subtract the following items: Purchase allowances. Purchase discounts.
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