Linh Do Accounting Company has a beginning balance in its inventory account of $16.800 and the ending balance is $7.388. Cost of goods sold is $99.767. According to the cost of goods sold model, what was the amount of inventory purchased during the year? (Note: Please do not put $ sign in your answer!)
Linh Do Accounting Company has a beginning balance in its inventory account of $16.800 and the ending balance is $7.388. Cost of goods sold is $99.767. According to the cost of goods sold model, what was the amount of inventory purchased during the year? (Note: Please do not put $ sign in your answer!)
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter11: Work Sheet And Adjusting Entries
Section: Chapter Questions
Problem 3E: Basga Company uses the periodic inventory system. Beginning inventory amounted to 241,072. A...
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![Linh Do Accounting Company has a beginning balance in its inventory account of $16,800 and the ending balance is $7.388. Cost of goods sold is $99.767. According to the
cost of goods sold model, what was the amount of inventory purchased during the year?
(Note: Please do not put $ sign in your answer!)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa5a8e243-3ab9-4bcd-957e-01a722526809%2F79e002e7-50c1-4718-a615-b8fe61297ff3%2F1jts3ar_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Linh Do Accounting Company has a beginning balance in its inventory account of $16,800 and the ending balance is $7.388. Cost of goods sold is $99.767. According to the
cost of goods sold model, what was the amount of inventory purchased during the year?
(Note: Please do not put $ sign in your answer!)
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