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View Full Version : Accounting question about COGS. What was the COGS for the current year?


mozammel
Apr 10, 2014, 08:39 AM
Assume cash paid to suppliers for the current year is $350 000, merchandise inventory increased by $5000 during the year, and accounts payable decreased by $10000 during the year. What was the cost of goods sold for the current year?
Please show the calculation

ma0641
Apr 10, 2014, 01:45 PM
Show us your calculations and we may be able to help. We don't do your homework.