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Grand Rapids Rafting Company Recorded the Following Data for the Month

question 36

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Grand Rapids Rafting Company recorded the following data for the month of October:  Cost of beginning inventory $46,000 Cost of ending inventory $32,000 Cost of goods sold $122,000\begin{array}{ll}\text { Cost of beginning inventory } & \$ 46,000 \\\text { Cost of ending inventory } & \$ 32,000 \\\text { Cost of goods sold } & \$ 122,000\end{array} Inventory purchases for the month of October total:

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Definitions:

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