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Cal Farms reported supplies expense of $2,000,000 this year. The supplies account decreased by $200,000 during the year to an ending balance of $400,000. What was the cost of supplies the Cal Farms purchased during the year

Respuesta :

The cost of supplies the Cal Farms purchased during the year is $1,800,000.

How to calculate the cost?

Firstly, calculate the opening balance. This will be:

= 200000 + 400000

= 600000

Then the cost of supplies will be:

= 400000 + 2000000 - 600000

= 1800000

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