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The following is from Goldman Inc.'s 2015 Income Statement. Purchases $182,000 Transportation-In $11,000 Inventory, January 1, 2015 $26,500 Inventory, December 31, 2015 $28,800 Purchase Returns
The following is from Goldman Inc.'s 2015 Income Statement.
| Purchases | $182,000 |
| Transportation-In | $11,000 |
| Inventory, January 1, 2015 | $26,500 |
| Inventory, December 31, 2015 | $28,800 |
| Purchase Returns and Allowances | $8,400 |
How much will Goldman report as cost of goods purchased in its 2015 income statement?
a) $201,400
b) $184,600
c) $211,100
d) $193,000
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Quality And GMP Auditing Clear And Simple
Authors: James L. Vesper
1st Edition
0367400901, 978-0367400903
