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The following information is available for Bestway Company. What amount is paid for merchandise for the current year (2012)? Cost of goods sold $872,000 Merchandise
The following information is available for Bestway Company. What amount is paid for merchandise for the current year (2012)?
Cost of goods sold | $872,000 |
Merchandise inventory, 12/31/11 | 123,000 |
Merchandise inventory, 12/31/12 | 114,000 |
Accounts Payable 12/31/11 | 104,000 |
Accounts Payable 12/31/12 | 97,000 |
A.
$870,000
B.
$888,000
C.
$874,000
D.
$856,000
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