Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if the cost of goods sold is $100,000, sales are $

If the cost of goods sold is $100,000, sales are $200,000, merchandise purchases are $38,000,...

60.1K

Verified Solution

Question

Accounting

If the cost of goods sold is $100,000, sales are $200,000, merchandise purchases are $38,000, and ending merchandise inventory is $10,000, then the beginning merchandise inventory must be:
Multiple Choice
$172,000.
$52,000.
$72,000.
$120,000.
image

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

Psychology
1.2K views

For this week's topic: \"Valuing Workforce Diversity & Inclusion\", please visit your Week 12 Required Resources folder...

Biology
1.2K views

Zooplankton are heterotrophs 1 True 2 False

Basic Math
1.2K views

Only about 12 of all people can wiggle their ears Is this percent different for...

Calculus
1.2K views

Determine whether the series converges, and if so find its sum.?? k=1 1/k(k+1) = ________

Accounting
1.2K views

Answer b ...

Accounting
1.2K views

I. Account Receivable (10 points) Cavana Company uses the allowance method in accounting for uncollectible...

Accounting
1.2K views

Assume that you are actively searching for a job. Prepare a one-half page report identifying...

Accounting
1.2K views

Required information Problem 9-1A (Algo) Record and analyze installment notes (LO9-2) [The following information applies...

Accounting
1.2K views

ow.com/drn/t nme s-false Journal Assume that records indicate that direct materials, direct labor, and applied...

Accounting
1.2K views

Required: 1. Determine Solano's return on investment (ROI), investment turnover, profit margin, and residual income....

Accounting
1.2K views

1-3. A solid piece of lead has a mass of 23.94 g and a volume...

Finance
1.2K views

Payments of $1200 at the end of each month for the next 10 year(s) are...