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At the end of August, Bernadette Trading reported merchandise inventory of 450,000. The following month, the company had purchases worth 920,000. Its inventory as of
At the end of August, Bernadette Trading reported merchandise inventory of 450,000. The following month, the company had purchases worth 920,000. Its inventory as of September 30 amounted to 350,000. It was, however, discovered that the reported inventory as of August 31 was understated by 15,000. How much was the cost of goods sold for the month of September?
Group of answer choices
1,035,000
805,000
1,005,000
835,000
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