Question
The Ocho Co. had a beginning inventory of $25,000 and an ending inventory of $40,000. Its Cost of Goods Sold for the year was $485,000.
The Ocho Co. had a beginning inventory of $25,000 and an ending inventory of $40,000. Its Cost of Goods Sold for the year was $485,000. What was the amount of purchases that it made for the year?
a. $470,000
b. $500,000
c. $525,000
d. $530,000
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The International Corporate Governance System Audit Roles And Board Oversight
Authors: F. Lessambo
1st Edition
134947178X, 978-1349471782
