39. Bob Inc. has gross profit equal to $10,000. During the year Bob Inc. purchased $3,000 worth of inventory. The sales recorded during the year equaled $15,000. What is the value of Bob Inc.'s cost of goods sold?

A) no answer possible

B) $ 3,000

C) $ 5,000

D) $ 8,000

E) $ 18,000

Answer: C Difficulty: Easy