Fiona's Bistro on May 31 Has the Following Transaction Totals

question 81

Multiple Choice

Fiona's Bistro on May 31 has the following transaction totals for the month:
Sales        $78,000
HST Collected       2,410
Sales Returns and Allowances        1,500
Accounts Payable        9,400
Purchases made during the period        42,000
HST Paid        875
Inventory Returns and Allowances        2,200
Discounts received on purchases        1,850
Cost of Goods Sold        5,000
Net change in Inventory for the period is

• A) $36,125.
• B) $32,950.
• C) $46,400.
• D) $37,875.

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