Question
Lando Company has beginning inventory of $5,000. It purchases $35,000 of inventory during the month and pays $2,500 in freight. Ending inventory is $6,500. What
Lando Company has beginning inventory of $5,000.
It purchases $35,000 of inventory during the month and pays $2,500 in freight.
Ending inventory is $6,500.
What is the cost of goods sold?
| b) $33,500 | ||
| d) $40,000 | ||
| a) $36,000 | ||
| c) $42,500 |
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Cost Management Strategies For Business Decisions
Authors: Ronald Hilton, Michael Maher, Frank Selto
3rd Edition
0072830085, 978-0072830088
