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M5-3 LO 5.4 The following information is available for Wagner Corporation for the current year: Sales $500,000 Beginning inventory 180,000 Ending inventory 95,000 Advertising 45.000

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M5-3 LO 5.4 The following information is available for Wagner Corporation for the current year: Sales $500,000 Beginning inventory 180,000 Ending inventory 95,000 Advertising 45.000 Purchases 215,000 How much is the cost of goods sold? a. $200.000 c. $345.000 b. $300.000 d. $440.000

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