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6. Boznovska Business is a retail company. Selected account balances are listed below. Sales $500 000 Purchases 225 000 Beginning inventory 16 000 Ending inventory

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6. Boznovska Business is a retail company. Selected account balances are listed below. Sales $500 000 Purchases 225 000 Beginning inventory 16 000 Ending inventory 30 000 Operating expenses 148 000 Income tax expense 10 000 Beginning retained earnings 53 000 Dividends 15 000 Calculate the cost of goods sold for Boznovska Business. a $275 000 b. $259 000 c. $241 000 (1. $211 000

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