Assume that Gallant Company uses a periodic inventory system and has these account balances: Purchases $484,050, Purchase Returns and Allowances $12,430, Purchase Discounts $9,150, and Freight-In $16,520. Determine net purchases and cost of goods purchased. g
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Home » Business » Assume that Gallant Company uses a periodic inventory system and has these account balances: Purchases $484,050, Purchase Returns and Allowances $12,430, Purchase Discounts $9,150, and Freight-In $16,520.