A B C D E

Purchase Returns & Allowances 12,750.00 2,480.00 1,750.00 14,000.00 2,200.00

Sales Returns & Allowances 4,500.00 6,200.00 2,250.00 35,000.00 5,500.00
Goods Available for Sale 69,000.00 77,500.00 90,000.00 78,500.00 85,500.00
Freight In 2,000.00 5,000.00 2,250.00 1,250.00 1,110.00
Freight Out 3,000.00 12,000.00 5,000.00 3,800.00 1,500.00
Merchandise Inventory, Jan. 1 35,000.00 19,000.00 17,500.00 13,000.00 15,090.00
Merchandise Inventory, Dec. 31 19,000.00 23,500.00 47,000.00 18,500.00 17,500.00
Purchases 47,500.00 58,155.00 72,000.00 85,000.00 73,000.00
Sales Discount 3,200.00 4,600.00 5,500.00 1,950.00 2,000.00
Purchase Discount 2,750.00 2,175.00 - 6,750.00 1,500.00
Cost of Goods Sold 50,000.00 54,000.00 43,000.00 60,000.00 68,000.00
JANUARY
Merchandise Inventory, Jan. 1 35,000.00 19,000.00
Add: Net Cost of Purchases
Purchases 47,500.00
Add Freight In 2,000.00
Total Cost of Goods Delivered 49,500.00
Less: Purchase Returns & Allowances 12,750.00
Purchase Discount 2,750.00 15,500.00 34,000.00
Total Goods Available for Sale 69,000.00
Less: Merchandise Inventory, Dec. 31 19,000.00
Cost of Sales 50,000.00

FEBRUARY
Merchandise Inventory, Jan. 1 19,000.00
Add: Net Cost of Purchases
Purchases 58,155.00
Add Freight In 5,000.00
Total Cost of Goods Delivered 63,155.00
Less: Purchase Returns & Allowances 2,480.00
Purchase Discount 2,175.00 4,655.00 58,500.00
Total Goods Available for Sale 77,500.00
Less: Merchandise Inventory, Dec. 31 23,500.00
Cost of Sales 54,000.00

MARCH
Merchandise Inventory, Jan. 1 17,500.00
Add: Net Cost of Purchases
Purchases 72,000.00
Add Freight In 2,250.00
Total Cost of Goods Delivered 74,250.00
Less: Purchase Returns & Allowances 1,750.00
Purchase Discount - 1,750.00 72,500.00
Total Goods Available for Sale 90,000.00
Less: Merchandise Inventory, Dec. 31 47,000.00
Cost of Sales 43,000.00
 APRIL
Merchandise Inventory, Jan. 1 13,000.00
Add: Net Cost of Purchases
Purchases 85,000.00
Add Freight In 1,250.00
Total Cost of Goods Delivered 86,250.00
Less: Purchase Returns & Allowances 14,000.00
Purchase Discount 6,750.00 20,750.00 65,500.00
Total Goods Available for Sale 78,500.00
Less: Merchandise Inventory, Dec. 31 18,500.00
Cost of Sales 60,000.00

APRIL
Merchandise Inventory, Jan. 1 15,090.00
Add: Net Cost of Purchases
Purchases 73,000.00
Add Freight In 1,110.00
Total Cost of Goods Delivered 74,110.00
Less: Purchase Returns & Allowances 2,200.00
Purchase Discount 1,500.00 3,700.00 70,410.00
Total Goods Available for Sale 85,500.00
Less: Merchandise Inventory, Dec. 31 17,500.00
Cost of Sales 68,000.00