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

question 88

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.

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