Question
Gabat Inc. is a merchandising company. Last month the company's merchandise purchases totaled $122,000. The company's beginning merchandise inventory was $32,000 and its ending merchandise
Gabat Inc. is a merchandising company. Last month the company's merchandise purchases totaled $122,000. The company's beginning merchandise inventory was $32,000 and its ending merchandise inventory was $30,000. What was the company's cost of goods sold for the month?
$122,000
$124,000
$120,000
$184,000
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Managerial Accounting
Authors: Wendy M. Tietz, Louis Beaubien, Karen W. Braun
3rd Canadian edition
134460826, 134460820, 9780134524818 , 978-0134526270
