From the Following Data What Is the Cost of Sales

question 18

Multiple Choice

From the following data what is the cost of sales? Beginning inventory $12,000, purchases $128,000, ending inventory $14,000.

• A)$116,000
• B)$126,000
• C)$128,000
• D)$130,000

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Definitions:

Rhyolite Ash

Fine volcanic ash produced from explosive eruptions of rhyolite magma, characterized by high silica content.

Pyroclastic Material

Fragments of rock ejected by volcanic eruptions, including ash, lapilli, and volcanic bombs.

Volcanic Mudflows

Rapidly flowing mixtures of water, volcanic ash, and other debris, known as lahars, which can occur during volcanic eruptions.

Hot Fragments

Pieces of molten or semi-molten material, often expelled during volcanic eruptions, including lava bombs or volcanic ash.