Calculate purchases for 2011: - $\quad$Inventory $31 / 12 / 2010 \quad \$ 32500$
- $\quad$Inventory $31 / 12 / 2011 \quad 34000$
- $\quad$ Cost of sales during $2011 \quad \$ 128000$

Name: Calculate purchases for 2011: - $\quad$Inventory $31 / 12 / 2010 \quad \$ 32500$ - $\quad$Inventory $31 / 12 / 2011 \quad 34000$ - $\quad$ Cost of sales during $2011 \quad \$ 128000$
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Question

Quizplus · Accepted Answer

Purchases = Ending Inventory + Cost of Sales - Beginning Inventory = $34,000 + $128,000 - $32,500 = $129,500.

Calculate Purchases for 2011: - \quad Inventory 31/12/2010$3250031 / 12 / 2010 \quad \$ 3250031/12/2010$32500

Calculate Purchases for 2011: - $\quad$ Inventory $31 / 12 / 2010 \quad \$ 32500$