The Lone Cactus Nursery has the following general ledger account balances as of August.

Purchases $56,211

Freight In 3,000

Purchases Returns and Allowances 500

Purchases Discounts 300

Calculate the net delivered cost of purchases for August.

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8 November, 13:53

The Lone Cactus Nursery has the following general ledger account balances as of August.

Purchases $56,211

Freight In 3,000

Purchases Returns and Allowances 500

Purchases Discounts 300

Calculate the net delivered cost of purchases for August.

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Answers (1)

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Johnny Wang · Answer 1

Net delivered cost of purchase $58,411

Explanation:

Computation of net delivered cost of purchase.

Particular Amount

Purchases $56,211

Freight In $3,000

$59,211

Less: Purchases Returns $500

Less: Purchases Discounts $300

Net delivered cost of purchase $58,411

The Lone Cactus Nursery has the following general ledger account balances as of August.Purchases $56,211Freight In 3,000Purchases Returns and Allowances 500Purchases Discounts 300Calculate the net delivered cost of purchases for August.

The Lone Cactus Nursery has the following general ledger account balances as of August.

Purchases $56,211

Freight In 3,000

Purchases Returns and Allowances 500

Purchases Discounts 300

Calculate the net delivered cost of purchases for August.