Net purchases is P170,000; Increase in inventory during the year is P40,000. How much is the cost of goods sold? choices: P170,000 P130,000 210,000 P210,000
Net purchases is P170,000; Increase in inventory during the year is P40,000. How much is the cost of goods sold? choices: P170,000 P130,000 210,000 P210,000
Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Chapter2: The Purchasing Process
Section: Chapter Questions
Problem 1GPE
Related questions
Question
Net purchases is P170,000; Increase in inventory during the year is P40,000. How much is the cost of goods sold?
choices:
P170,000
P130,000
210,000
P210,000
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