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Using the following information, determine the cost of merchandise sold. Purchases $32,665 Selling expenses $850 Merchandise inventory, September 1 7,119 Merchandise inventory, September 30 11,029
Using the following information, determine the cost of merchandise sold.
| Purchases | $32,665 | Selling expenses | $850 | |
| Merchandise inventory, September 1 | 7,119 | Merchandise inventory, September 30 | 11,029 | |
| Administrative expenses | 576 | Sales | 47,323 | |
| Rent revenue | 845 | Interest expense | 1,100 |
a.$50,813
b.$39,784
c.$7,119
d.$28,755
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Payroll Accounting 20
Authors: Bernard J. Bieg, Judith A. Toland
26th Edition
1337268798, 9781337268790
