Question: Correct? The 2011 and 2012 Balance Sheets for Jacob, Inc. contained the following enties: Jacob had materials purchases in 2011 of $1,970 and materials purchases

Correct? The 2011 and 2012 Balance Sheets for Jacob, Inc. contained

Correct?

The 2011 and 2012 Balance Sheets for Jacob, Inc. contained the following enties: Jacob had materials purchases in 2011 of $1,970 and materials purchases in 2012 of $3,218. What did Jacob record as Cost of Goods Sold (COGS) on its 2012 income statement? (Record your answer without a dollar sign and without commas)

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