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3 years ago

8

During last month, your beginning inventory was $17,500, your purchases were $19,252, and your ending inventory was $15,757. Wha

t was the cost of goods sold GOGS?

1 answer:

kicyunya [14]3 years ago

7 0

$20,995

Cost of goods sold:

17,500 Beginning inventory

+19,252 Plus purchased inventory

- $15,757 Minus ending inventory

=20,995 Cost of Goods Sold

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Where:

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And for the rest of the years we only need to modify the value of <em>n</em>.

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=$8000 x 3 years

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3 years ago