Question
9) Beginning inventory is $160,000. Purchases of inventory during the year are $200,000. Ending inventory is $100,000. What is cost of goods sold? A) $340,000.
9) Beginning inventory is $160,000. Purchases of inventory during the year are $200,000. Ending inventory is $100,000. What is cost of goods sold?
A) $340,000.
B) $240,000.
C) $260,000.
D) $140,000.
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Financial Accounting Reporting Analysis And Decision Making
Authors: Shirley Carlon, Rosina Mcalpine, Chrisann Lee, Lorena Mitrione, Ngaire Kirk, Lily Wong
7th Edition
0730395294, 978-0730395294
