Question

Accounting: During 2013, merchandise inventory for Falcon Supplies Company decreased by $50,000. If the income statement for 2013 reported cost of goods sold of $650,000, purchases during the year must have been...

Answer 1

Try subtracting 650,000-50,000.

Answer 2

Thats what I was assuming it was, it just seemed too easy lol. I thought it might have been like a trick question :P But thank you @One098

Answer 3

You're welcome, anytime!! C: