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What the adjusted sales amount to be used

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Reference no: EM132742248

Claire Sweater Shop uses the retail inventory method to value its inventory. Its accounting records contain the following data for 2020:

Sales P87,000
Sales discounts 1,600
Sales returns 3,100
Normal spoilage 1,300
Employee discounts (sales to employee are recorded at net) 2,400

Problem 1: The adjusted sales amount for 2020 to be used in the retail inventory method would be

a. P86,300
b. P79,900
c. P81,200
d. P84,700

Reference no: EM132742248

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