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San Diego State University Operations And Supply Chain Management Assignment Help - Corporation

Question - Crystal Lake Corporation’s accounting records show the following at yearend December 31, 2012: Purchase Discounts ………… $ 5,900 Beginning Inventory ………. $31,720 Freight-in …………………….. 8,400 Ending Inventory …………… 27,950 Freight-out ………………….. 11,100 Purchase Returns …………….. 3,600 Purchases …………………… 162,500 Assuming that Crystal Lake Corporation uses the periodic system, compute (a) Cost of goods purchased and (b) Cost of goods sold.

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