Question 22 Not Complete Marked Out A Company Reported Cost Of Goods Sold Of 826 800 For The Year During The Year Inv 1 (15.42 KiB) Viewed 17 times
Question 22 Not Complete Marked Out A Company Reported Cost Of Goods Sold Of 826 800 For The Year During The Year Inv 2 (21.17 KiB) Viewed 17 times
Question 22 Not complete Marked out A company reported cost of goods sold of $826,800 for the year. During the year, inventory increased from a $180,000 beginning balance to a $216,000 ending balance, and accounts payable increased from a $56,400 beginning balance to a $66,000 ending balance. How much cash was paid for merchandise purchased during the year? Select one: O a. $800,400 O b. $862,800 c. $853,200 d. $826,800 e. None of these are correct
Aiello, Inc. had the following inventory in its fiscal year. The company uses the LIFO method of accounting for inventory. Beginning Inventory, January 1: 130 units @ $15.00 Purchase 200 units@ $18.00 Purchase 50 units@ $13.50 Purchase 110 units @ $15.75 Ending Inventory, December 31: 120 units The company's cost of goods sold for its fiscal year is: Select one: O a. $5,305.75 b. $1,800.00 c. $6,157.50 d. $6,090.00 e. None of these are correct.
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