Question
Baltimore Company's January 1, 2020, finished goods inventory was $75,000. January 1, 2021, finished goods inventory is $90,000. The cost of goods purchased for resale
Baltimore Company's January 1, 2020, finished goods inventory was $75,000. January 1, 2021, finished goods inventory is $90,000. The cost of goods purchased for resale in FY 2020 was $220,000. Use this information to determine the dollar amount of the FY 2020 cost of goods sold. Use whole numbers (no cents)
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
