1 EXAM 75 PTS120 MIN in help KQuestion 20 of 28 value 100 p

1 EXAM (75 PTS-120 MIN ?? in help KQuestion 20 (of 28) value: 1.00 points Gabruk Inc is a merchandising company Lest month the company\'s merchandise purchases totaled $94,000 The company\'s beg was $18.000 and its ending merchandise invern tory was $16.000 What was the company\'s cost of goods sold for the month? O $94,000 O $96,000 O $92,000 O $128.000

Solution

ANSWER = B) 96000

Cost of Goods Sold = Inventory at the Beginning + Purchases - Inventory at end

= 18000 + 94000 - 16000

= 96000

ANSWER = B) 96000