Suppose MegaSports reported cost of goods sold totalling $150 million Ending inventory was $65 million, and beginning inventory was $58 million How much inventory did MegaSports purchase during the year ...

Revise the cost of goods sold formula to calculate purchases Millions ...

Suppose MegaSports reported cost of goods sold totalling $150 million. Ending inventory was $65 million, and beginning

Question:

Suppose MegaSports reported cost of goods sold totalling $150 million. was $65 million, and beginning inventory was $58 million. How much inventory did MegaSports purchase during the year?
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...