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  3. the following items are for otis day co.: revenues

The following items are for Otis Day Co.: Revenues = $10 million Beginning Inventories =...

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Accounting

The following items are for Otis Day Co.:

Revenues = $10 million

Beginning Inventories = $5 million

Gross Profit = $4 million

Ending Inventories = $7 million

SG&A = $3 million

Calculate the amount of inventories that were purchased during the year:

$ 2 million

$6 million

$8 million

$12 million

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