Coleman Company has provided the following information:
Beginning inventory,$100,000; cost of goods sold,$450,000; and ending inventory,$80,000.How much were Coleman's inventory purchases?
A)$450,000
B)$410,000
C)$430,000
D)$420,000

Question

Quizplus · Accepted Answer

Cost of goods sold ($450,000) = Beginning inventory ($100,000) + Purchases ($430,000) - Ending inventory ($80,000)

Coleman Company Has Provided the Following Information