During the current year, Gomez Co. had beginning inventory of $2,400 and ending inventory of $1,200. The cost of goods sold was $9,600. What is the amount of inventory purchased during the year?
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Ответ:
$8,400
Explanation:
The computation of the amount of inventory purchased is shown below:
As we know that
Cost of goods sold = Opening inventory + Purchase - ending inventory
where,
Cost of goods sold = $9,600
Opening inventory = $2,400
And, the ending inventory is $1,200
So, the purchase amount is
$9,600 = $2,400 + Purchase made - $1,200
$9,600 = $1,200 + Purchase made
Therefore, the purchase is $8,400
Ответ:
Explanation:
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