You are working as a financial analyst and your boss asks you to find out how...

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You are working as a financial analyst and your boss asks you to find out how much Company G spent on inventory purchases in 2022. Company G is a calendar-year end company. You look at the balance sheet of Company G and find that Inventory balance at 1/1/2022 is $500. Additionally, the Inventory balance at 12/31/2022 is $600. Further, on the income statement you find that Cost of Goods Sold for 2022 is $1,000. O $900 O $1,000 O $100 O $1,100 You are working as a financial analyst and your boss asks you to find out how much Company G spent on inventory purchases in 2022. Company G is a calendar-year end company. You look at the balance sheet of Company G and find that Inventory balance at 1/1/2022 is $500. Additionally, the Inventory balance at 12/31/2022 is $600. Further, on the income statement you find that Cost of Goods Sold for 2022 is $1,000. O $900 O $1,000 O $100 O $1,100

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Cost of goods sold Beginning inventory Pur... View the full answer