what is the net sales amount of the period

Anonymous
timer Asked: Feb 22nd, 2015

Question Description

I don’t understand this Accounting question and need help to study.

A company has sales of $1,640,000, sales discounts of $116,000, sales returns and allowances of $137,000, shipping charges of $29,000, sales commissions of $48,000, net income totaled $277,500, and cost of goods sold of $434,000. What is the net sales amount for the period?

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