Question
ABC ended the year with inventory of 812,000. During the year, the firm purchased 5,215,000 of new inventory and the cost of goods sold reported
ABC ended the year with inventory of 812,000. During the year, the firm purchased 5,215,000 of new inventory and the cost of goods sold reported on the income statement was 5,079,000. What was ABC's inventory at the beginning of the year?
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
