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    wen99's Avatar
    wen99 Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Dec 1, 2009, 02:20 AM
    Estimate purchase
    Hello,

    please help to estimate purchases in 1996
    (cost of goods = purchases + beginning inventory - ending inventory)


    1995 1996

    Sales 1546,5 1993,1
    Cost of goods 1076,4 1375,2
    Gross margin 470,1 617,9

    Inventory 149,5 192,7

    I don't know how to find beginning and ending inventory

    Thanks
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
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    #2

    Dec 1, 2009, 10:56 AM

    You just insert the figures in your equation and that is it.
    wen99's Avatar
    wen99 Posts: 5, Reputation: 1
    New Member
    		  
    #3

    Dec 1, 2009, 10:57 AM

    Sorry, I don't understand what should I do :(
    wen99's Avatar
    wen99 Posts: 5, Reputation: 1
    New Member
    		  
    #4

    Dec 1, 2009, 12:52 PM

    Please help me with this question, I'm confused
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
    Senior Member
    		  
    #5

    Dec 1, 2009, 10:07 PM
    Quote Originally Posted by wen99 View Post
    Please help me with this question, I'm confused
    There is no confusion. You have the equation:
    Cost of goods sold = Beginning inventory + Purchases - Ending inventory

    You have the figures for all items except Purchases, mark it as X and then solve the equation. If you rephrase the equation, you get:

    Purchases = Cost of goods + Ending inventory - Beginning inventory

    Just do it.
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