question archive The following is from Goldman Inc
The following is from Goldman Inc
Subject:AccountingPrice: Bought3
The following is from Goldman Inc.’s 2015 income statement. Purchases $182,000; Transportation-In 11,000; Inventory, January 1, 2015 26,500; Inventory, December 31, 2015 28,800; Purchase Returns and Allowances 8,400; How much will Goldman report as cost of goods purchased in its 2015 income statement?
