Beginning Inventory Is Valued at $7,000, Purchases Are $15,000 and Ending

question 77

Multiple Choice

Beginning inventory is valued at $7,000, purchases are $15,000 and ending inventory is valued at $9,000. Cost of goods sold is:

• A)$23,000.
• B)$16,000.
• C)$30,000.
• D)$13,000.

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