a-company-has-a-beginning-inventory-of-12000-purchases-of-20000-purchase-discoun

Question

A company has a beginning inventory of $12,000, purchases of $20,000, purchase discounts of $1,000, and an ending inventory of $10,000. Set up the equation to solve for COGS.

Accepted Answer

COGS = $12,000 + $20,000 - $1,000 - $10,000

Answer

COGS = $12,000 - $20,000 + $1,000 + $10,000

Answer

COGS = $12,000 + $20,000 - $1,000 + $10,000

Answer

COGS = $12,000 + $20,000 + $1,000 - $10,000

A company has a beginning inventory of \$12,000, purchases of \$20,000, purchase discounts of \$1,000, and an ending inventory of \$10,000. Set up the equation to solve for COGS.