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Compute the net cost of Vida

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Question - Vida Co. uses the perpetual method for inventory and records purchases at gross. In 20x7, it has total merchandise purchases of $250,000. It returns $15,000 of the merchandise for full credit and receives $5,000 in allowances from its vendors for defective merchandise and takes cash discounts of $2,000. Compute the net cost of Vida Co's 20x7 merchandise purchases?

Reference no: EM132513691

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