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At the beginning of September, 2010, GLF Company reported Merchandise Inventory of $4,000. During the month, the company made purchases of $7,800. At September 31,
At the beginning of September, 2010, GLF Company reported Merchandise Inventory of $4,000. During the month, the company made purchases of $7,800. At September 31, 2010, a physical count of inventory reported $3,200 on hand. Cost of goods sold for the month is
$8,600. |
$600. |
$11,800. |
$7,800. |
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