Question
The following information is available for Betty DeRose, Inc.: January 1, 2021December 31, 2021 Accounts payable$65,000 $50,000 Inventory $82,000 $74,000 Betty DeRose reported $130,000 of
The following information is available for Betty DeRose, Inc.:
January 1, 2021December 31, 2021
Accounts payable$65,000 $50,000
Inventory $82,000 $74,000
Betty DeRose reported $130,000 of cash paid to suppliers for
purchases of inventory in its 2021 cash flow statement.
Calculate Betty's cost of goods sold for 2021.
I got 43200 is that correct?
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Essentials Of Accounting
Authors: Leslie Breitner, Robert Anthony
11th Edition
0132744376, 978-0132744379
