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In 2022, Paul's Guitars had revenue (gross sales) of $256,425. It began the year (Jan 1st, 2022) with $22,380 in inventory and then the company
In 2022, Paul's Guitars had revenue (gross sales) of $256,425. It began the year (Jan 1st, 2022) with $22,380 in inventory and then the company purchased another $103,635 during the year. It finished the year (Dec 31st, 2022) with $21,250 in inventory. Total Operating expenses were $130,685 and income taxes were $8,390. Calculate the following: What would be the company's "Cost of Goods Sold"? $104,765 $147,265 $126,015 None of the answers are correct; my calculation is correct
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