Chet Company Provides the Following Information What Is the Cost of Goods Sold?
A) $657,200
B)

question 101

Multiple Choice

Chet Company provides the following information: $$\begin{array} { | l | r | } \hline \text { Beginning Inventory } & \$ 120,000 \\\hline \text { Purchases } & 530,000 \\\hline \text { Freight-In } & 21,000 \\\hline \text { Freight-Out } & 14,000 \\\hline \text { Purchase Discounts } & 5,800 \\\hline \text { Purchase Returns } & 8,000 \\\hline \text { Ending Inventory } & 128,000 \\\hline\end{array}$$
What is the cost of goods sold?

• A) $657,200
• B) $529,200
• C) $671,000
• D) $537,200

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