Cost of goods sold:
Beginning inventory 300,000
purchases $1,500,000. 1,500,000
Cost of goods available for sale = 1,800,000
Less ending inventory. 100,000
Cost of goods sold 1,700,000
You do not needed to add the sale.
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 300,000
what is the amount of acacia cost of goods sold for 2012?
do you add in the sales for the year?
1 answer
1 answer