Carr Corporation has provided the following information for its most recent month of operation: sales $8,200; beginning inventory $1,100; ending inventory $2,100 and gross profit $5,300. How much were Carr’s inventory purchases during the period?

$3,900

Explanation:

The computation of the inventory purchase is shown below:

As we know that

Sales - gross profit = Cost of goods sold

$8,200 - $5,300 = Cost of goods sold

So, the cost of goods sold is $2,900

Now the cost of goods sold is

Cost of goods sold = Opening stock + purchase made - ending stock

$2,900 = $1,100 + purchase made - $2,100

$2,900 = -$1,000 + purchase made

So, the purchase made is

= $2,900 + $1,000

= $3,900

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the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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