what amount should azur report as cost of goods sold for the year 603495

Aug 29, 2021 | Uncategorized

The following information pertained to Azur Co. for the year:

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Purchases

$102,800

Purchase discounts

10,280

Freight in

15,420

Freight out

5,140

Beginning inventory

30,840

Ending inventory

20,560

What amount should Azur report as cost of goods sold for the year?

  1. $102,800
  2. $118,220
  3. $123,360
  4. $128,500