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Your beginning food inventory was $26,000. You have purchased an additional $24,000 and have accepted $12,000 in transfers from other locations. In total, you sold $39,000 worth of food for the same time period. Your ending inventory is $29,000. What is your cost for the products sold during this period?

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4 votes
the cost for the products sold during this period is 130,000
User Nathan Kuchta
by
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3 votes

Answer:

Your beginning food inventory was $26,000.

You have purchased an additional $24,000 and have accepted $12,000 in transfers from other locations.

Total in hand inventory is or worth =
26000+24000+12000=62000 dollars

Your ending inventory is $29,000.

So, the difference is cost of goods sold in that period is
62000-29000=33000 dollars

User Eric Warriner
by
8.3k points

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