Computing Cost of Goods Purchased and Cost of Goods Sold
Marvin Dept. Store Cost in thousands for 2008
Marketing, Distribution, and Customer Service 37,000
Merchandise inventory Jan 1st, 2008 27,000
Utilities 17,000
General and Administrative Cost 43,000
Merchandise Inventory Dec 31st, 2008 34,000
Purchases 155,000
Misc. Costs 4,000
Transportation In 7,000
Purchase Returns & Allowances 4,000
Purchase Discounts 6,000
Cost of Goods Purchased?
Cost of Goods Sold?
