Question

Richard Company's financial records report beginning inventory of $ 539 comma 000; ending inventory of $ 698 comma 000; and cost of goods sold of $ 1 comma 383 comma 000. What is the amount of purchases? Question content area bottom Part 1 A.$ 1 comma 237 comma 000 $ 1 comma 237 comma 000 B.$ 844 comma 000 $ 844 comma 000 C.$ 1 comma 542 comma 000 $ 1 comma 542 comma 000 D.$ 2 comma 081 comma 000 $ 2 comma 081 comma 000

Name: richard companys financial records report beginning inventory of 539 comma 000 ending inventory of 698 comma 000 and cost of goods sold of 1 comma 383 comma 000 what is the amount of purchas 74843
Uploaded: 2022-06-14T03:09:08-08:00
Duration: 1 min 6 s
Channel: Nick Johnson
Description: richard companys financial records report beginning inventory of 539 comma 000 ending inventory of 698 comma 000 and cost of goods sold of 1 comma 383 comma 000 what is the amount of purchas 74843

          Richard Company's financial records report beginning inventory of $ 539 comma 000; ending inventory of $ 698 comma 000; and cost of goods sold of $ 1 comma 383 comma 000. What is the amount of purchases?
Question content area bottom
Part 1
A.$ 1 comma 237 comma 000
$ 1 comma 237 comma 000
B.$ 844 comma 000
$ 844 comma 000
C.$ 1 comma 542 comma 000
$ 1 comma 542 comma 000
D.$ 2 comma 081 comma 000
$ 2 comma 081 comma 000

Added by Amy G.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Nick Johnson

06/14/2022

Step 1

To find the amount of purchases, we need to use the formula: Purchases = Cost of Goods Sold + Ending Inventory - Beginning Inventory Show more…

Show all steps

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Richard Company's financial records report beginning inventory of $ 539 comma 000; ending inventory of $ 698 comma 000; and cost of goods sold of $ 1 comma 383 comma 000. What is the amount of purchases? Question content area bottom Part 1 A.$ 1 comma 237 comma 000 $ 1 comma 237 comma 000 B.$ 844 comma 000 $ 844 comma 000 C.$ 1 comma 542 comma 000 $ 1 comma 542 comma 000 D.$ 2 comma 081 comma 000 $ 2 comma 081 comma 000