Companys merchandise purchases for the month, Accounting Basics

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Companys merchandise purchases for the month

Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $84,000. The company's beginning merchandise inventory was $20,000 and its ending merchandise inventory was $18,000. What was the total amount of the company's merchandise purchases for the month?

a. $86,000

b. $82,000

c. $84,000

d. $122,000

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Accounting Basics: Companys merchandise purchases for the month

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Reference No:- TGS096506

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