Question
A company reported sales of $468,000 for the year. The companys beginning inventory was $96,500, cost of goods sold was $235,100, and ending inventory of
A company reported sales of $468,000 for the year. The companys beginning inventory was $96,500, cost of goods sold was $235,100, and ending inventory of $78,900. Calculate the cost of inventory purchased during the year (whole number without comma or $ sign, e.g. 10000).
Answer:
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Financial Accounting A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards
7th Edition
0072289988, 978-0072289985
