Friday, May 29, 2015

ACCT2020 Holmes Company sold goods with a total selling price of $800,000 during the year

(ACCT2020)Holmes Company sold goods with a total selling price of $800,000 during the year. It purchased goods for $380,000 and had beginning inventory of $70,000. A count of its ending inventory determined that goods on hand was $50,000. What was its cost of goods sold?

Click here: ACCT2020 Holmes Company sold goods with a total selling price of $800,000 during the year