Datema had a balance of 50,000 in inventory on December 31, 2022. From January 1,2023-march 31, 2023, Datema purchased 500,000 of inventory on account. During the first quarter of year , datema reported 475,000 of cash paid for inventory. The balance in inventory was 30,000 on march 31, 2023. What amount will datema report as costs of goods sold for

Sep 8, 2023

  1. Datema had a balance of 50,000 in inventory on December 31, 2022. From January 1,2023-march 31, 2023, Datema purchased 500,000 of inventory on account. During the first quarter of year , datema reported 475,000 of cash paid for inventory. The balance in inventory was 30,000 on march 31, 2023. 
  2. What amount will datema report as costs of goods sold for the first quarter of 2022?

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