i am stuck on the following problem. here is a pic of the problem
please include all work/how you got the answer
thanks in advance
BI = 1150, EI = 1455
COGS = 3950
1150 (beginning inventory) - 3950 (cogs) = -2800
-2800 + x = 1455 (ending inventory), let x = inventory bought
Add 2800 + 1455 = $5255
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