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Company has provided you with the following information for 2021: Inventory, Dec 31, 2021: $ 260,000 Purchases, 2021: 785,000 Sales, 2021: 1,642,000 Cost of goods
Company has provided you with the following information for 2021: Inventory, Dec 31, 2021: $ 260,000 Purchases, 2021: 785,000 Sales, 2021: 1,642,000 Cost of goods sold, 2021: 903,000 Beginning inventory for 2021 must be:
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