Cortez Company Updates Its Inventory Records Perpetually

question 147

Multiple Choice

Cortez Company updates its inventory records perpetually.The company's records showed a beginning inventory of $1,800,cost of goods sold of $4,200,and ending inventory of $2,400.How much inventory was purchased during the year?

• A)$3,600
• B)$3,000
• C)$2,700
• D)$4,800

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