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Your beginning food inventory was $26,000. You have purchased an additional $24,000 and have accepted $12,000 in transfers from other locations. In total, you sold $39,000 worth of food for the same time period. Your ending inventory is $29,000. What is your cost for the products sold during this period?

Respuesta :

the cost for the products sold during this period is 130,000

Answer:

Your beginning food inventory was $26,000.

You have purchased an additional $24,000 and have accepted $12,000 in transfers from other locations.

Total in hand inventory is or worth = [tex]26000+24000+12000=62000[/tex] dollars

Your ending inventory is $29,000.

So, the difference is cost of goods sold in that period is [tex]62000-29000=33000[/tex] dollars

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