Solution-What was cost of goods sold

What was cost of goods sold

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Question - For the current period, the following data were taken from the ledger:

Purchases $40,000

Purchases Returns and Allowances $600

Purchases Discounts $300

Freight-in $200

Beginning inventory was $8,000 and ending inventory was $13,000. What was cost of goods sold?

a. $9,600

b. $39,300

c. $47,300

d. $34,600

e. None of the above

Reference no: EM133119188

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What was cost of goods sold

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Reference no: EM133119188

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