accounting question 4

User Generated

xfhtenq2014

Business Finance

Description

i am stuck on the following problem. here is a pic of the problem

http://imgur.com/fy5Hx5Z

please include all work/how you got the answer. it will help me wih future problems

thanks in advance

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Explanation & Answer



Beginning Inventory + Inventory Purchases – End Inventory = Cost of Goods Sold
End Inventory = Beginning Inventory + Purchases - Cost of Good Sold

= $6,000 + $31,500-$550-$250+$1300 - $26,300 = $11,700


Please please, select the answers you are finding useful. Thanks



Anonymous
Great content here. Definitely a returning customer.

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