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Given the following information, what is the cost of goods sold? Line Item Description Amount Purchases $32,771 Inventory, September 1 5,191 Administrative expense 972 Rent
Given the following information, what is the cost of goods sold?
| Line Item Description | Amount |
|---|---|
| Purchases | $32,771 |
| Inventory, September 1 | 5,191 |
| Administrative expense | 972 |
| Rent revenue | 1,125 |
| Selling expense | $830 |
| Inventory, September 30 | 2,052 |
| Sales | 49,256 |
| Interest expense | 867 |
a.$867
b.$31,683
c.$12,374
d.$35,910
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
3rd Canadian edition
1-119-40285-5, 111940276X, 978-1119566007
