Destiny Industries Reports Beginning Inventory of $254,000, Purchases of $559,000

question 56

Multiple Choice

Destiny Industries reports beginning inventory of $254,000, purchases of $559,000, and ending inventory of $198,000. What is the cost of goods sold?

• A) $813,000
• B) $503,000
• C) $615,000
• D) $1,011,000

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