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The following information pertains to Bright Toy Company's operating activities for 2012. The company is a merchandising company that sells light box toys and sold
The following information pertains to Bright Toy Company's operating activities for 2012. The company is a merchandising company that sells light box toys and sold 10,000 units in 2012.
Purchases | $120,000 |
Selling and Administrative Expenses | 90,000 |
Merchandise inventory, 1/1/2012 | 14,000 |
Merchandise inventory, 12/31/2012 | 10,000 |
Sales Revenue | 250,000 |
What is the cost of goods sold for 2012?
Group of answer choices
$104,000
$124,000
$130,000
$140,000
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