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What is cost of goods sold

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Question - Consider the following information: ending inventory (physically counted), $12,000; sales, $125,000; beginning inventory, $10,000; selling and administrative expenses, $35,000; and net purchases, $45,000. What is cost of goods sold when the perpetual inventory system is used as the recording method and no inventory loss nor inventory valuation loss is recognized?

a. $43,000

b. $47,000

c. $42,000

d. $46,500

Reference no: EM132986837

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