A firm had beginning inventory of OR 15000, ending inventory of OR 20000 and cost of goods sold of OR 80000. What was the cost of goods purchased? Select one: O a. OR 75000 O b. OR 80000 c. OR 85000 O d. OR 65000

A firm had beginning inventory of OR 15000, ending inventory of OR 20000 and cost of goods sold of OR 80000. What was the cost of goods purchased? Select one: O a. OR 75000 O b. OR 80000 c. OR 85000 O d. OR 65000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A firm had beginning inventory of OR
15000, ending inventory of OR 20000 and
cost of goods sold of OR 80000. What was
the cost of goods purchased?
Select one:
O a. OR 75000
O b. OR 80000
c. OR 85000
O d. OR 65000

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