From the following, calculate cost of goods sold: Freight-In. $ 6 Beginning Inventory 12 Ending Inventory .

Question:

From the following, calculate cost of goods sold:
Freight-In…………………………………………. $ 6
Beginning Inventory……………………………… 12
…………………………………. 4
Net Purchases……………………………………… 66
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...