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Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $69,200. The company's beginning merchandise inventory was $15,600 and its ending merchandise inventory was $28,800.
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Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $69,200. The company's beginning merchandise inventory was $15,600 and its ending merchandise inventory was $28,800. What was the total amount of the company's merchandise purchases for the month

User Yoav Landman
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2 votes

Answer:

$82,400

Step-by-step explanation:

Cost of goods sold = beginning merchandise inventory + purchases - ending merchandise inventory.

$69,200 = $15,600 + purchases - $28,800

Purchases = $82,400

User Janvi Vyas
by
4.8k points
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