Harry Styles Supplies has a balanced day of 31 December. On I January 2XX5, it had an opening inventory balance of $32,500. Harry Styles Supplies purchased $18,700 worth of goods for resale. On 31 December 2XX5, the closing inventory balance was $19,800. During the year, Harry Styles Supplies had sales of $68,000. What is the Cost of Goods Sold for Harry Styles Supplies for the period ending 31 December 2XX5?

Harry Styles Supplies has a balanced day of 31 December. On I January 2XX5, it had an opening inventory balance of $32,500. Harry Styles Supplies purchased $18,700 worth of goods for resale. On 31 December 2XX5, the closing inventory balance was $19,800. During the year, Harry Styles Supplies had sales of $68,000. What is the Cost of Goods Sold for Harry Styles Supplies for the period ending 31 December 2XX5?

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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