Colorado Company's Beginning and Ending Inventory Amounts Were $150,000 and $140,000

question 39

Multiple Choice

Colorado Company's beginning and ending inventory amounts were $150,000 and $140,000, respectively.Cost of goods sold was $650,000.Colorado Company purchased _____ of inventory.

• A)$680,000
• B)$670,000
• C)$640,000
• D)an indeterminable amount