Everest Clothing Co. reported a Cost of Goods Sold (COGS) of $210,000. The beginning inventory was $25,000, and the ending inventory was $30,000. What were the total inventory purchases? a) $200,000 b) $215,000 c) $205,000 d) $210,000

Everest Clothing Co. reported a Cost of Goods Sold (COGS) of $210,000. The beginning inventory was $25,000, and the ending inventory was $30,000. What were the total inventory purchases? a) $200,000 b) $215,000 c) $205,000 d) $210,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 46E

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Question

What were the total inventory purchases on these financial accounting question?

Everest Clothing Co. reported a Cost of Goods Sold (COGS) of $210,000. The
beginning inventory was $25,000, and the ending inventory was $30,000.
What were the total inventory purchases?
a) $200,000
b) $215,000
c) $205,000
d) $210,000

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