Question
Firm X purchased $32,000 worth of inventory when they opened for business, adding to the $20,000 included in the acquisition. At the end of the
Firm X purchased $32,000 worth of inventory when they opened for business, adding to the $20,000 included in the acquisition. At the end of the first quarter, inventory was valued at $23,000. What was cost of goods sold (COGS) for the quarter?
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Management Information Systems Managing The Digital Firm
Authors: Kenneth C Laudon, Jane P Laudon
14th Edition
013389830X, 9780133898309
