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QUESTION
Jackson Company reported the following information relating to its inventory: purchases ................................. $62,000 freight-in
Jackson Company reported the following information relating to its inventory:$62,000?6,00098,00034,0008,0003,00015,000Calculate the amount of freight-in reported by Jackson Company.
ParticularsBeginning inventoryAdd PurchasesLess Purchase returnsLess Purchase discountsAdd Freight-inCost of Goods available for Sale Amount $34,00062,000(6,000)(8,000)16,00098,000