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Posted by on Tuesday, November 12, 2013 at 12:44am.

acacia company had inventory of 100,000 on December 31, 2012. other information is as follows:
purchases $1,500,000
sales 3,000,000
inventory 1/1/2012
what is the amount of acacia cost of goods sold for 2012?

  • math - , Tuesday, November 12, 2013 at 2:03am

    beginning inventory = 0
    + purchases. =1,500,000
    good available for sale =1,500,000
    Less ending inventory. = 100,000
    Cost of goods sold = 1,400,000

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