a company using the periodic inventory system has the following account balances: inventory at the beginning of the year, $3,600; freight in, $650; purchases, $10,700; purchases returns and allowances, $1,950; purchases discounts, $330. the cost of merchandise purchased is equal to

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05-10-2022
Business

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a company using the periodic inventory system has the following account balances: inventory at the beginning of the year, $3,600; freight in, $650; purchases, $10,700; purchases returns and allowances, $1,950; purchases discounts, $330. the cost of merchandise purchased is equal to

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