Question
Assume that for the period ending in 2017 a firm has COGS in the amount 8 million and Ending Inventory of 5 million.The firm began
Assume that for the period ending in 2017 a firm has COGS in the amount 8 million and Ending Inventory of 5 million.The firm began 2017 with4 million in inventory.How much inventory did the firm purchase over the course of the year?
A. 9 million
B. 11 million
C. 17 million
D. 1 million
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
18th edition
125969240X, 978-1259692406
