Haab Inc. is a merchandising company. Last month the company's cost of goods sold was $70,400. The company's beginning merchandise inventory was $14,700 and its ending merchandise inventory was $25,000. What was the total amount of the company's merchandise purchases for the month?

Haab Inc. is a merchandising company. Last month the company's cost of goods sold was $70,400. The company's beginning merchandise inventory was $14,700 and its ending merchandise inventory was $25,000. What was the total amount of the company's merchandise purchases for the month?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

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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