Avery Supplies Uses a Periodic Inventory System -How Much Is Net Purchases?
A) $26,000
B) $22,000
C)

question 26

Multiple Choice

Avery Supplies uses a periodic inventory system.Please refer to the following data: $\begin{array}{|l|r|}\hline \text { Beginning inventory } & \$ 3,000 \\\hline \text { Ending inventory } & 2,100 \\\hline \text { Purchases } & 24,000 \\\hline \text { Purchase discounts } & 800 \\\hline \text { Purchase returns \& allowances } & 1,200 \\\hline \text { Freight in } & 4,200\\\hline \end{array}$
-How much is Net purchases?

• A) $26,000
• B) $22,000
• C) $25,000
• D) $23,200

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Definitions:

Limited Edition

Refers to a unique or exclusive set of items, often numbered or marked to denote rarity.

Protect

To keep someone or something safe from harm, damage, or injury, often through preventative measures or safeguards.

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Original Design

The initial concept or blueprint created for a product, structure, or system.