Answer:
$10,581
Explanation:
Given that
Purchase = $13,447
Purchases Returns and Allowances = $2,866
Purchases Discounts = $493
Freight in = $567
The computation of cost of merchandise purchased is shown below:-
Net Purchase = Purchase - Purchases Returns and Allowances - Purchases Discounts
= $13,447 - $2,866 - $567
= $10,014
Cost of merchandise purchased = Net purchase + Freight in
= $10,014 + $567
= $10,581