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NEONREDBLADE
26.10.2020 •
Business
merchandising company. Last month the company's cost of goods sold was $70,600. The company's beginning merchandise inventory was $16,500 and its ending merchandise inventory was $30,000. What was the total amount of the company's merchandise purchases for the month?
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Ответ:
The total amount of the company's merchandise purchases for the month will be equal to:
$84,100
Explanation:
a) Data and Calculations:
Cost of goods sold = $70,600
Beginning Inventory = $16,500
Ending Inventory = $30,000
Purchases = x
Cost of goods sold = Beginning inventory + Purchases - Ending Inventory
$70,600 = $16,500 + Purchases - $30,000
Therefore $70,600 + $30,000 = Cost of goods available for sale
and Beginning inventory ($16,500) + Purchases = Cost of goods available for sale.
Purchases = $100,600 - $16,500
Purchases = $84,100
Ответ:
hopefully help:)
Explanation:
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