S5b-17 (similar to) upper g wholesale company began the year with merchandise inventory of $ 5 comma 000. during the year, upper g purchased $ 97 comma 000 of goods and returned $ 6 comma 500 due to damage. upper g also paid freight charges of $ 1 comma 600 on inventory purchases. at year-end, upper g's ending merchandise inventory balance stood at $ 17 comma 200. assume that upper g uses the periodic inventory system. compute upper g's cost of goods sold for the year. less: plus: less: cost of goods sold

Cost of Goods Sold: 79,900

Explanation:

The returns decreases the net purchases, and the freight-in is a necessary cost for get the goods so; it is activate through inventory.

Beginning              5,000

Purchased            97,000

Return                   (6,500)

Fregith-in               1,600  

Good available:     97,100

The difference between goods available and ending inentory will be the cost of goods sale

Ending Inventory (17,200)

Cost of Goods Sold: 79,900

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.

our agriculture industry and our business industry