Rice Enterprises had supplies on hand costing $240 on December 31. During the same year, supplies costing $160 were purchased, and $320 in supplies were consumed during the year. What was the cost of supplies on hand on January 1 of that year?

Question

Quizplus · Accepted Answer

The Answer of Rice Enterprises had supplies on hand costing $240 on December 31. During the same year, supplies costing $160 were purchased, and $320 in supplies were consumed during the year. What was the cost of supplies on hand on January 1 of that year?

Rice Enterprises Had Supplies on Hand Costing $240 on December