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How do evaluate what cost of goods sold is

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Reference no: EM132737886

The following was extracted on unadjusted trial balance:

Increase in Merchandise Inventory, 20,000

Purchases, 150,000

Purchases Discounts, 20,000

Purchase Returns and Allowance, 40,000

Transportation In, 10,000

Transportation Out, 20,000

Problem 1: What Cost of Goods Sold is?

a. 80,000

b. 100,000

c. 120,000

d. cannot be computed

Reference no: EM132737886

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