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A fire destroyed some of Powell Companys records. Information from the documents found related to inventory is listed below. Ending Inventory 97,000 Cost of Goods
A fire destroyed some of Powell Companys records. Information from the documents found related to inventory is listed below.
Ending Inventory | 97,000 |
Cost of Goods Sold | 445,000 |
Consigned Goods | 87,000 |
Beginning Inventory | 43,000 |
What was the amount of inventory that was purchased during the year?
Question 7 options:
| $412,000 |
| $565,000 |
| $499,000 |
| $478,000 |
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