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AlexFokin [52]
3 years ago
12

aagen Inc. is a merchandising company. Last month the company's cost of goods sold was $92,000. The company's beginning merchand

ise inventory was $14,000 and its ending merchandise inventory was $16,000. What was the total amount of the company's merchandise purchases for the month
Business
1 answer:
Paladinen [302]3 years ago
4 0

Answer:

the company purchase is $94,000

Explanation:

The computation of the total amount of the company merchanise purchase for the month is shown below:

Cost of goods sold = Beginning merchandise inventory + Purchases − Ending merchandise inventory

$92,000 = $14,000 + Purchase - $16,000

So, the purchase is

= $92,000 + $16,000 - $14,000

= $94,000

Hence, the company purchase is $94,000

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