1,200,000 - you ONLY NEEDED the net sales, the gross margin, and the ending inventory. Goods AFS is either BI + P or EI + COGS. The net sales will give you COGS once adjusted for the profit margin. Make sure you use NET SALES THOUGH!

The CPA Financial Accounting and Reporting (FAR) section covers US GAAP, IFRS, and governmental accounting, focusing on financial statement preparation, balance sheet accounts, and complex transactions.

Key concepts include revenue recognition (ASC 606), leases (ASC 842), business combinations, bonds, inventory, and governmental accounting, with a 50/50 mix of MCQs and simulations.