Larkspur Co.had cost of goods sold of $3,600.If beginning inventory was $3,780 and ending inventory was $900,Larkspur's purchases must have been:

Name: Larkspur Co.had cost of goods sold of $3,600.If beginning inventory was $3,780 and ending inventory was $900,Larkspur's purchases must have been:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost of goods sold = Beginning inventory + Purchases − Ending inventory
Purchases = Cost of goods sold − Beginning inventory + Ending inventory
= $3,600 − $3,780 + $900 = $720