On November 30, the general ledger of Hinges and More Hardware, a retail store, showed the following balances: Purchases, $163,750; Freight In, $5,200; Purchases Returns and Allowances, $4,000. Determine the following:A) What was the delivered cost of purchases for November?B) What was the net delivered cost of purchases for November?
What will be an ideal response?
A) $168,950
B) $164,950
Feedback:
A. $163,750 + $5,200 = $168,950
B. $168,950 - $4,000 = $164,950
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