Based Upon the Following Data for a Business with a Periodic

question 41

Essay

Based upon the following data for a business with a periodic inventory system, determine the cost of merchandise sold for August. $\begin{array}{lr}\text { Merchandise inventory, August } 1 & \$ 75,560 \\\text { Merchandise inventory, August } 31 & 96,330 \\\text { Purchases } & 373,880 \\\text { Purchases returns and allowances } & 14,760 \\\text { Purchases discounts } & 10,900 \\\text { Freight in } & 4,135\end{array}$

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Definitions:

Sojourner Truth

A former slave who became an abolitionist and women's rights activist in the 19th century, known for her speech "Ain't I a Woman?"

Black Female Abolitionist

Black Female Abolitionist describes African American women who were part of the movement to end slavery in the United States, playing crucial roles both as activists and as voices against slavery.

Women's Rights

The rights and entitlements claimed for women and girls worldwide, aiming at equality with men in all spheres of society.

Women's Rights

Refers to the fight for the legal, social, and economic equality of women with men.