The Following Information Is Available for Dennehy Company Dennehy's Cost of Goods Sold Is
A) $262,500

question 141

Multiple Choice

The following information is available for Dennehy Company: $$\begin{array} { l r l r } \text { Sales Revenue } & \$ 390,000 & \text { Freight-In } & \$ 30,000 \\\text { Ending Inventory } & 37,500 & \text { Purchase Returns and Allowances } & 15,000 \\\text { Purchases } & 270,000 & \text { Beginning Inventory } & 45,000\end{array}$$ Dennehy's cost of goods sold is

• A) $262,500.
• B) $285,000.
• C) $292,500.
• D) $345,000.

---

Definitions:

Comparative Anatomy

The study of similarities and differences in the anatomy of different species, often to understand evolutionary relationships.

Continental Drift

The gradual movement of the continents across the earth's surface through geological time.

Primitive Plants

Early-evolving plant species that lack complex structures such as flowers and seeds, including mosses, liverworts, and ferns, often found in damp, shaded environments.

Early Reptiles

Refers to the first reptiles that appeared on Earth, marking significant evolutionary developments during the Carboniferous period.