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NO.242 A company repotted the following information for 2013: i T CertifiGtion Ea Way! B inni invento Endi invento $180 ooo S240 000 During

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NO.242 A company repotted the following information for 2013: i T CertifiGtion Ea" Way! B inni invento Endi invento $180 ooo S240 000 During 2013, the company purchased new inventory of $160,om. What amount should the company report as cost of goods sold on its 2013 income statement?l A. $60,000 B. $100,000 c. $160,000 D. $220,000 Answer: 8

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