- LO6.2The following is seiected information from Mars Corp. Compute net purchases, and cost of...
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- LO6.2The following is seiected information from Mars Corp. Compute net purchases, and cost of goods sold for the month of March. \begin{tabular}{|l|r|} \hline Inventory at February 29,2024 & $450,000 \\ \hline Irventory at March 31,2024 & 300,000 \\ \hline Purchase Discounts & 10,000 \\ \hline Purchase Returns and Allowances & 5,000 \\ \hline Sales & 275,000 \\ \hline Sales Discounts & 35,000 \\ \hline Gross Purchases for March & 120,000 \\ \hline \end{tabular} Net purchases equals type your answer. Cost of Goods Sold equals type your
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