Asked by keri
acacia company had inventory of 100,000 on December 31, 2012. other information is as follows:
purchases $1,500,000
sales 3,000,000
inventory 1/1/2012
what is the amount of acacia cost of goods sold for 2012?
purchases $1,500,000
sales 3,000,000
inventory 1/1/2012
what is the amount of acacia cost of goods sold for 2012?
Answers
Answered by
Kuai
sales. 3,000,000
beginning inventory = 0
+ purchases. =1,500,000
good available for
Less ending inventory. = 100,000
Good a variable 1,400,000
Cost goods. $ 1,600,000
beginning inventory = 0
+ purchases. =1,500,000
good available for
Less ending inventory. = 100,000
Good a variable 1,400,000
Cost goods. $ 1,600,000
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