Tee Corporation had beginning inventory of $16,000 and ending inventory of $24,000. Its net sales were...

Question

Question

Tee Corporation had beginning inventory of $16,000 and ending inventory of $24,000. Its net sales were $155,000 and net purch

Answer 1

Answer #1

Cost of goods sold=Beginning inventory+Purchases-Ending inventory

=16000+89000-24000

which is equal to

=$81000

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Answer 2

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