Question
XWY Co. started the year with $50,000 in inventory, ended the year with $65,000 in inventory, and had cost of goods sold for the year
"XWY Co. started the year with $50,000 in inventory, ended the year with $65,000 in inventory, and had cost of goods sold for the year in the amount of $320,000. What is the amount of purchases for the year?"
Question 16 options:
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"$335,000 "
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"$305,000 "
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"$435,000 "
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"$205,000 "
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Auditing Assurance And Risk
Authors: W Robert Knechel, Steven E Salterio
4th Edition
1315531720, 9781315531724
