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Accounting Rocks Inc. reported sales of $200,000 for the month of April. Beginning inventory on April 1 was $55,000, purchases during the month were $35,000,
Accounting Rocks Inc. reported sales of $200,000 for the month of April. Beginning inventory on April 1 was $55,000, purchases during the month were $35,000, and Ending inventory on April 30 was $25,000. Determine the amount of cost of goods sold for Accounting Rocks Inc. as of April 30.
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$25,000
$55,000
$65,000
$45,000
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