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Question 17 Duncan Co provided the following information for June 2020: Date Event 1-Jun Beginning inventory 3-Jun Sales on account 8-Jun Inventory purchases 2/10, n/30
Question 17 Duncan Co provided the following information for June 2020: Date Event 1-Jun Beginning inventory 3-Jun Sales on account 8-Jun Inventory purchases 2/10, n/30 10-Apr Inventory returns 15-Jun Payments on account 6-8 purchase 29-Jun Freight paid 30-Jun Actual inventory count Amount 10.000 25,000 15,000 2,500 3,000 800 8,000 If Duncan uses the periodic method, what amount should the company report as cost of goods sold for June? O A $14,500 OB. $29,500 OC$28,000 OD$15,240
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