Dave's Duds reported cost of goods sold of $2,000,000 this year. The inventory account increased by $200,000 during the year to an ending balance of $400,000. What was the cost of merchandise that Dave's purchased during the year?
A) $1,600,000.
B) $1,800,000.
C) $2,200,000.
D) $2,400,000.
Correct Answer:
Verified
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