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What is the cost of goods sold for the current year

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Reference no: EM132899791

The following information was derived' from the accounting records of Geraldine Company for the current year:

                                                Warehouse               Consignees

Beginning inventory             1,100,000                120,000

Purchases                         4,800,000               600,000

Freight in 100,000

Transportation to consignees 50,000

Freight out                          300,000                  80,000

Ending inventory                  1,450,000               200,000

Problem 1: What is the cost of goods sold for the current year?

Reference no: EM132899791

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