vmop30
Jan 27, 2007, 03:25 PM
I need help with the following question:
The following information is available for Ace Company for 2007:
Disbursements for purchases
$1,050,000
Increase in trade accounts payable
75,000
Decrease in merchandise inventory
30,000
Costs of goods sold for 2007 was:
I'm not sure how to get the CofGS with the info provided.
The following information is available for Ace Company for 2007:
Disbursements for purchases
$1,050,000
Increase in trade accounts payable
75,000
Decrease in merchandise inventory
30,000
Costs of goods sold for 2007 was:
I'm not sure how to get the CofGS with the info provided.