A company has beginning inventory for the year of $10,500. During the year, the company purchases inventory for $110,00...

Question

Question

A company has beginning inventory for the year of $10,500. During the year, the company purchases inventory for $110,000 and

Answer 1

Answer #1

Answer: $94,500

Explanation:

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

Cost of goods sold = $10,500 + 110,000 - 26000

Cost of goods sold = $94,500

Answer 2

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