The 2009 records of Coleman Company showed beginning inventory,$100,000; cost of goods sold, $450,000; and ending inventory, $80,000. Thepurchases for 2009 equal: A. $450,000 B. $410,000 C. $430,000 D. $420,000
The 2009 records of Coleman Company showed beginning inventory,$100,000; cost of goods sold, $450,000; and ending inventory, $80,000. Thepurchases for 2009 equal: A. $450,000 B. $410,000 C. $430,000 D. $420,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 33BE
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Question
The 2009 records of Coleman Company showed beginning inventory,
$100,000; cost of goods sold, $450,000; and ending inventory, $80,000. The
purchases for 2009 equal:
A.
$450,000
B.
$410,000
C.
$430,000
D.
$420,000
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