Alpha Goods, Inc. is a merchandising company. Last month, the company's cost of goods sold was $90,000. The company' s beginning merchandise inventory was $20,000, and its ending merchandise inventory was $18,000. What was the total amount of the company's merchandise purchases for the month?
Alpha Goods, Inc. is a merchandising company. Last month, the company's cost of goods sold was $90,000. The company' s beginning merchandise inventory was $20,000, and its ending merchandise inventory was $18,000. What was the total amount of the company's merchandise purchases for the month?
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6EA: Logo Gear purchased $2,250 worth of merchandise during the month, and its monthly income statement...
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Transcribed Image Text:Alpha Goods, Inc. is a merchandising company. Last month, the
company's cost of goods sold was $90,000. The company' s
beginning merchandise inventory was $20,000, and its ending
merchandise inventory was $18,000.
What was the total amount of the company's merchandise
purchases for the month?
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