Question
Firm Co. began 2020 with $1200 in its inventory account and ended the year with a balance of $1000. During the year, it paid $1000
Firm Co. began 2020 with $1200 in its inventory account and ended the year with a balance of $1000. During the year, it paid $1000 to its supplier, and the accounts payable decreased from a beginning balance of $280 to an ending balance of $200. What is Firm Co.s COGS for 2020?
| 920
| ||
| 1200
| ||
| 1220
| ||
| 1120
|
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
3rd Edition
0324002327, 978-0324002324
