Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $69,200. The company's beginning merchand

Question

2 years ago

15

Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $69,200. The company's beginning merchand

ise inventory was $15,600 and its ending merchandise inventory was $28,800. What was the total amount of the company's merchandise purchases for the month

Business

1 answer:

Leya [2.2K] · Answer 1 · 2022-06-04T19:55:22+03:00

Leya [2.2K]2 years ago

3 0

Answer:

$82,400

Explanation:

Cost of goods sold = beginning merchandise inventory + purchases - ending merchandise inventory.

$69,200 = $15,600 + purchases - $28,800

Purchases = $82,400