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Gomez Company had beginning inventory of $1,900 and ending inventory of $1,500. The cost of goods sold was $4,300. Based on this information, what is the amount of inventory that was purchased by Gomez
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24 votes
24 votes
Gomez Company had beginning inventory of $1,900 and ending inventory of $1,500. The cost of goods sold was $4,300. Based on this information, what is the amount of inventory that was purchased by Gomez Company

User Iain Ward
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1 Answer

11 votes
11 votes

Answer: 3900

Step-by-step explanation:

Purchases= Cost of good sold + Ending inventory - Beginning inventory

Purchases= 4300+1500-1900=3900

User Kiry Meas
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2.5k points
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