1. Datema had a balance of 50,000 in inventory on December 31, 2022. From January 1,2023-march 31, 2023, Datema purchased 500,000 of inventory on account. During the first quarter of year , datema reported 475,000 of cash paid for inventory. The balance in inventory was 30,000 on march 31, 2023. 
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3. What amount will datema report as costs of goods sold for the first quarter of 2022?

Answer rating: 100% (QA)

To calculate the cost of goods sold COGS for the first quarter of 2023 we need to determine ... View the full answer