Taylor CoHad Beginning Inventory of $400 and Ending Inventory of $600

question 69

Multiple Choice

Taylor Co.had beginning inventory of $400 and ending inventory of $600.Taylor Co.had cost of goods sold amounting to $1,800.What is the amount of inventory that was purchased during the period?

• A)$1,600
• B)$2,800
• C)$2,000
• D)$2,400

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Definitions:

Employer

An individual or organization that hires and pays others to perform services or work as part of a team or company.

Family and Medical Leave Act

A U.S. federal law that provides employees with unpaid, job-protected leave for certain family and medical reasons.

Employers

Individuals or organizations that hire others to perform services or work in exchange for compensation.

Employees

Individuals who are hired by a business or organization to carry out tasks and duties in return for compensation.