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Step-by-step explanation:
3×3 = 9, so it's greater than 3
3×4/3 = 4, so it's greater than 3
3×5/5 = 3, so it's equal to 3
3x4/9 = 4/3, so it's less than 3
3x5/6 = 5/2, so it's less than 3
Answer:
Purchases made during the year is $1300.
Step-by-step explanation:
The beginning Inventory is reported to be $3900
The ending inventory is reported to be $1400
The cost of goods sold, (Sales) is reported to be $3800
We can relate the above mentioned items using the formula
Ending Inventory = Beginning Inventory + Purchases - Sales
$1400 = $3900 + Purchases - $3800
Therefore the amount of purchase made during the year,
Purchases = $1400 - $100
= $1300.
