Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company reported sales of $468,000 for the year.

A company reported sales of $468,000 for the year. The companys beginning inventory was $96,500,...

60.1K

Verified Solution

Question

Accounting

A company reported sales of $468,000 for the year. The companys beginning inventory was $96,500, cost of goods sold was $235,100, and ending inventory of $78,900. Calculate the cost of inventory purchased during the year (whole number without comma or $ sign, e.g. 10000).

Answer:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Economics
1.2K views

ABC Distribution Center Inc. purchased special handling equipment for beverage manufacture $20,000. The equipment may be depreciated...

Physics
1.2K views

3 At the same temperature will a gas of classical molecules a gas of boson...

Physics
1.2K views

A compound bar 2 0 m long is constructed of a solid steel core 1...

Physics
1.2K views

A coin is placed 13.0 cm from the axis of a rotating turntable of variable...

Physics
1.2K views

A man is running with a constant acceleration on a plate which is placed on...

Calculus
1.2K views

A fence is to be built to enclose a rectangular area of 450 square feet...

Accounting
1.2K views

maddies place corporation deposits $25,000 at the beginning of every quarter in a savings account...

Accounting
1.2K views

P10.5 General Fund-Corrections, Adjustments, and Financial Statements ending June 30, 2020, al transactions of Salleytown...

Accounting
1.2K views

What is the difference between Salary Expense and Pension Expension?

Finance
1.2K views

From the following financing sources, identify the companys financial and capital structure and calculate the...

Finance
1.2K views

Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell...

Accounting
1.2K views

Please do it by type not pics. 1.Calculate the balance of the premium account at...