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Using the following information, determine the cost of merchandise sold. Purchases $33,714 Selling expenses $761 Merchandise inventory, September 1 5,478 Merchandise inventory, September 30 11,651

  1. Using the following information, determine the cost of merchandise sold.

    Purchases $33,714 Selling expenses $761
    Merchandise inventory, September 1 5,478 Merchandise inventory, September 30 11,651
    Administrative expenses 737 Sales 58,063
    Rent revenue 909 Interest expense 1,151

    a.$27,541

    b.$50,843

    c.$5,478

    d.$39,192

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