If Cost of Goods Sold is $300,000, beginning inventory is $29,000, and ending inventory is $30,000, then the purchases from suppliers (assume all on account) would be:. A. $59.000 B. $301,000 C. $359,000 D. $299,000

B. $301,000

Explanation:

The computation of the purchased from suppliers is shown below:

As we know that

Cost of good sold = Opening Inventory + Purchase - Closing Inventory

$300,000 = $29,000 + Purchases - $30,000

Purchases = $300,000 + $30,000 - $29,000

= $301,000

Hence, the purchased from suppliers is $301,000

Therefore the correct option is b.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

the answer choices are:

provides online banking

provides automatic payment services

provides home loans by using saving accounts

accept tax return refunds

hopefully someone can answer the question now lol