Answered: Blueridge Industries reported beginning…

Blueridge Industries reported beginning inventory of $185,000, purchases of $520,000, and ending inventory of $165,000. What is the cost of goods sold (COGS) for Blueridge Industries?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

Blueridge Industries reported beginning inventory of $185,000, purchases of
$520,000, and ending inventory of $165,000. What is the cost of goods sold
(COGS) for Blueridge Industries?

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