INTERMEDIATE ACCT.(LL)-W/WILEYPLUS
17th Edition
ISBN: 9781119598572
Author: Kieso
Publisher: WILEY
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Accounting MCQ
Ghana Company reported inventory of $60,000 at the beginning of 2023. During the year, it purchased inventory of $625,000 and sold inventory for $950,000. A count of inventory at the end of the year determined that the cost of inventory on hand was $50,000. What was Ghana's cost of goods sold for 2023?
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