Yatsu Limited has the following information in its accounting records as at December 31, 2014: A physical inventory count revealed that there was $68,000 in ending inventory.
-The cost of goods purchased is
A) $129,860.
B) $134,360.
C) $121,810.
D) $117,310.

Question

Yatsu Limited has the following information in its accounting records as at December 31, 2014:  A physical inventory count revealed that there was $68,000 in ending inventory.
-The cost of goods purchased is
A) $129,860. 
B) $134,360. 
C) $121,810. 
D) $117,310.

Quizplus · Accepted Answer

The cost of goods purchased is typically calculated based on the information provided in a question, which usually includes the beginning inventory, purchases during the period, and ending inventory. Without specific details, it's not possible to accurately calculate or confirm the cost of goods purchased. However, based on the choices provided and without additional context or calculations, it's not possible to determine the correct answer definitively. The selection of "C" as the correct answer is arbitrary without the context or calculations to support it.

Yatsu Limited Has the Following Information in Its Accounting Records