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Bill is a national grocery chain. Selected balance sheet data follows (all balances are normal): Selected Balance Sheet Data in thousands June 31, 2021 June
Bill is a national grocery chain. Selected balance sheet data follows (all balances are normal):
Selected Balance Sheet Data in thousands | June 31, 2021 | June 31, 2020 |
Inventories | $ 172,481 | $ 160,987 |
Accounts payable | 110,685 | 115,492 |
During its year ending June 31, 2021, Bill purchased, $3,551,723 of inventory for sale in its stores. How much did Bill recognize/record as cost of goods sold for the year ended June 31, 2021? (enter the amount as a whole number without $ or , or .)
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