A Company Uses a Periodic Inventory System and Has the Following

question 47

Multiple Choice

A company uses a periodic inventory system and has the following information at the end of the accounting period: beginning inventory $40,000, purchases $135,000, and ending inventory $27,500.What was their cost of sales for the period?

• A)$122,500
• B)$135,000
• C)$147,500
• D)$202,500