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Author Question: Picasso's Paint Co. had an inventory balance of $4,200 on January 1. During the accounting period ... (Read 130 times)

Zoey63294

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Picasso's Paint Co. had an inventory balance of $4,200 on January 1. During the accounting period they made purchases of $12,500. The ending inventory balance was $2,250. If Picasso's Paint Co. uses the periodic inventory system, what is the cost of inventory sold during the period?
◦ $16,700
◦ $12,500
◦ $14,450
◦ $18,950


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Marked as best answer by Zoey63294 on Feb 18, 2020

bigsis44

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Zoey63294

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review


FergA

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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