Post a New Question

math

posted by on .

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 300,000
what is the amount of acacia cost of goods sold for 2012?

do you add in the sales for the year?

  • math - ,

    Cost of goods sold:
    Beginning inventory 300,000
    purchases $1,500,000. 1,500,000
    Cost of goods available for sale = 1,800,000
    Less ending inventory. 100,000
    Cost of goods sold 1,700,000

    You do not needed to add the sale.

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question