Subject:- General Account. If Cost of goods sold is $145,000 and the beginning and endingInventory balances are $18,000 and $13,000, respectively, inventorypurchases equal:A) $132,000B) $150,000C) $140,000D) $145,000

To calculate the inventory purchases, we use the inventory accounting equation: Beginning…

Answered: If Cost of goods sold is $145,000 and…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 7PA: Use the weighted-average (AVG) cost allocation method, with perpetual inventory updating, to...

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If Cost of goods sold is $145,000 and the beginning and ending Inventory balances are $18,000 and $13,000, respectively, inventory purchases equal: A) $132,000 B) $150,000 C) $140,000 D) $145,000