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

---

Definitions:

Exercise Regime

A systematic plan of physical activities that are structured and repeated regularly to maintain or improve fitness.

Heart Disease

A range of conditions that affect the heart, including blood vessel diseases, heart rhythm problems, and heart defects among others.

Canadian Families

The diverse familial structures and relationships found within Canada, influenced by cultural, social, and legal factors.

Legally Married

A state of being in a marriage that is recognized and sanctioned by law, involving a formal agreement entered into by two individuals that is legally binding.