1.Gabel Inc. is a merchandising company. Last month, the company's merchandise purchases totaled $63,000. The company's beginning merchandise inventory was $15,000, and its ending merchandise inventory was $15,000. What was the company's cost of goods sold for the month?<\/p>
a.$61,000.<\/p>
b.$65,000.<\/p>
c.$63,000.<\/p>
d.$91,000.<\/p>", "transcribed_text": "", "related_book": { "title": "Managerial Accounting Tools for Business Decision Making ", "isbn": "1118856996, 978-1118856994", "edition": "4th Canadian edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1190.jpg", "uri": "\/textbooks\/managerial-accounting-tools-for-business-decision-making-4th-canadian-edition-1190", "see_more_uri": "" }, "free_related_book": { "isbn": "0333669878", "uri": "\/textbooks\/studies-in-globalization-and-economic-transitions-1996th-edition-978-0333669877-283721", "name": "Studies In Globalization And Economic Transitions", "edition": "1996th Edition" }, "question_posted": "2024-06-28 07:04:16", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/state-whether-each-of-the-following-is-or-is-not", "description": "State whether each of the following is or is not a principle (or a portion of a principle) underlying an audit conducted in accordance with Generally Accepted Auditing Standards. 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