Based on the Following Data, Determine the Cost of Merchandise

question 68

Essay

Based on the following data, determine the cost of merchandise sold for October. $\begin{array}{lr}\text { Merchandise Inventory, October 1 } & \$ 98,560 \\\text { Merchandise Inventory, October } 31 & 102,330 \\\text { Purchases } & 433,880 \\\text { Purchases Returns \& Allowances } & 12,760 \\\text { Purchases Discounts } & 9,900 \\\text { Transportation In } & 7,620\end{array}$

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Definitions:

Control Panel

A Windows utility that allows computer configuration such as adding or removing software, adding or removing hardware, configuring a screen saver, adjusting a monitor, configuring a mouse, installing networking components, and so on.

Additional Connector

An extra plug or port provided on a device allowing the connection of more peripherals or accessories.

Video Card

An adapter used to output video to a display. Contrast with onboard video card.