Question: PLEASE HELP ASAP!! WILL GIVE FEEDBACK Ortiz & Co. reported cost of goods sold of $2,200,000 this year. The inventory account increased by $180,000 during

PLEASE HELP ASAP!! WILL GIVE FEEDBACK

Ortiz & Co. reported cost of goods sold of $2,200,000 this year. The inventory account increased by $180,000 during the year to an ending balance of $585,000. What was the cost of merchandise that Ortiz's purchased during the year?

Multiple Choice

$2,380,000.
$2,020,000.
$1,615,000.
$2,785,000.

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