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Metro reported the following information in its financial statements: Amounts are as of or for the year ended Prior Year Current Year Inventory 1395 1567
Metro reported the following information in its financial statements: Amounts are as of or for the year ended Prior Year Current Year Inventory 1395 1567 Accounts Receivable 1600 1254 Accounts Payable 649 640 Rent payable 544 584 Salary payable 1138 1067 Sales Revenue 456 419 Cost of Goods Sold 351 264 Rent expense 347 368.4 Salary expense 335 302 What is the amount of inventory purchase during the current year? A. 172 B. 264 C. Cannot be determined D. 351 E. 436
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