Dilbert Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow:

-The cost of December merchandise purchases would be:

Question

Dilbert Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow:

-The cost of December merchandise purchases would be:

Quizplus · Accepted Answer

The cost of December merchandise purchases would be $141,700. This is because the beginning inventory plus the net purchases minus the ending inventory equals the cost of goods sold. The beginning inventory is $81,900, the net purchases are $169,000, and the ending inventory is $81,900. So, $81,900 + $169,000 - $81,900 = $141,700.

Dilbert Farm Supply Is Located in a Small Town in the Rural