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The owners capital at the beginning amounted to 800,000. During the year, it increased to 980,000 with the owner making additional investment of 90,000 and
The owners capital at the beginning amounted to 800,000. During the year, it increased to 980,000 with the owner making additional investment of 90,000 and withdrawing some supplies worth 8,000 from the business. Net sales for the year amounted to 600,000, total operating expenses were 220,000, and there was no other income during the year. The cost of goods sold for this year was
Group of answer choices
282,000
118,000
98,000
478,000
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