Baltimore Company's January 1, 2020, finished goods inventory was $75,000. January 1, 2021, finished goods inventory is $90,000. The cost of goods purchased for resale in FY 2020 was $220,000. Use this information to determine the dollar amount of the FY 2020 cost of goods sold. Use whole numbers (no cents)

Answer rating: 100% (QA)

Finished goods inventory January 1 2020 75000 Finished goods inventory ... View the full answer