SOLUTION: On February 2, the stocks of USB Drug Store was recorded at $312,402. Goods purchased during the month amounted to $82,575. On March 1, the inventory stood at $271,860. What was th

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: On February 2, the stocks of USB Drug Store was recorded at $312,402. Goods purchased during the month amounted to $82,575. On March 1, the inventory stood at $271,860. What was th      Log On

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Question 381478: On February 2, the stocks of USB Drug Store was recorded at $312,402. Goods purchased during the month amounted to $82,575. On March 1, the inventory stood at $271,860. What was the cost of goods sold in February?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!


Hi,

Let x represent the cost of goods sold in February



Question states:

  $312,402 + $82,575 - x = $271,860

  $312,402 + $82,575 - $271,860 = x, the cost of goods sold in February