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    Inventory Beginning Balance 360,000 2,940,000 Purchases 3,000,000 40,000 Shortage Ending Balance 380,000

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    Florence Roselle Rejuso Udas
    This document shows inventory levels and cost of goods sold. It begins with a beginning balance of 360,000 units and $2,940,000. Purchases of 3,000,000 units and a shortage of 40,000 resulted in an ending balance of 380,000 units. The cost of goods sold was calculated as the beginning balance of $2,940,000 plus the shortage amount of $40,000 for a final total of $2,980,000.

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    Inventory Beginning Balance 360,000 2,940,000 Purchases 3,000,000 40,000 Shortage Ending Balance 380,000

    Uploaded by

    Florence Roselle Rejuso Udas
    24 views1 page
    This document shows inventory levels and cost of goods sold. It begins with a beginning balance of 360,000 units and $2,940,000. Purchases of 3,000,000 units and a shortage of 40,000 resulted in an ending balance of 380,000 units. The cost of goods sold was calculated as the beginning balance of $2,940,000 plus the shortage amount of $40,000 for a final total of $2,980,000.

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    This document shows inventory levels and cost of goods sold. It begins with a beginning balance of 360,000 units and $2,940,000. Purchases of 3,000,000 units and a shortage of 40,000 resulted in an ending balance of 380,000 units. The cost of goods sold was calculated as the beginning balance of $2,940,000 plus the shortage amount of $40,000 for a final total of $2,980,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    24 views1 page

    Inventory Beginning Balance 360,000 2,940,000 Purchases 3,000,000 40,000 Shortage Ending Balance 380,000

    Uploaded by

    Florence Roselle Rejuso Udas
    This document shows inventory levels and cost of goods sold. It begins with a beginning balance of 360,000 units and $2,940,000. Purchases of 3,000,000 units and a shortage of 40,000 resulted in an ending balance of 380,000 units. The cost of goods sold was calculated as the beginning balance of $2,940,000 plus the shortage amount of $40,000 for a final total of $2,980,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    INVENTORY

    beginning balance 360,000 2,940,000


    purchases 3,000,000 40,000 shortage
    ending balance 380,000

    COST OF GOODS SOLD


    2,940,000
    shortage 40,000
    final answer 2,980,000

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