I have been working on this problem all day and can't find anywhere to have this figured out.
I have this given to me:
Sales Revenue = 900
Beginning inventory = 180
Purchases = 800
I have to find:
Total available
Ending inventory
Gross profit
Cost of goods sold
I know I'm forgetting something but the book and internet isn't telling me anything but formulas that all hinge on knowing the CoGS
Thanks in advance