Question
Samsung had a beginning inventory of $379,000, an ending inventory of $124,000, and purchases of $200,000. What was their cost of goods available for sale
Samsung had a beginning inventory of $379,000, an ending inventory of $124,000, and purchases of $200,000. What was their cost of goods available for sale (COGAFS) and cost of goods sold (COGS) for the year
COGAFS
a. 579,000
b. 455,000
c. 179,000
d. $579,000
COGS
a. $455,000
b. $579,000
c. $55,000
d. $179,000
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Fundamentals Of Oil And Gas Accounting
Authors: Charlotte Wright
6th Edition
9781593703639
