Answer:
cost of goods purchased= $85,900
Explanation:
Giving the following information:
Last month the company's cost of goods sold was $69,800.
The company's beginning merchandise inventory was $13,200 and its ending merchandise inventory was $29,300.
<u>To calculate the purchases, we need to use the following formula:</u>
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
69,800 = 13,200 + cost of goods purchased - 29,300
69,800 - 13,200 + 29,300= cost of goods purchased
cost of goods purchased= $85,900
