From the Following Information, Compute Cost of Goods Sold A)$5, 300
B)$5, 200
C)$5, 100
D)$5, 000

question 57

Multiple Choice

From the following information, compute cost of goods sold. $\begin{array}{ll}\text { Purchase returns } & \$ 200 \\\text { Inventory, December } 31 & 1,500 \\\text { Freight-in } & 100 \\\text { Inventory, January } 1 & 1,800 \\\text { Purchases } & 5,000\end{array}$

• A)$5, 300
• B)$5, 200
• C)$5, 100
• D)$5, 000

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