Cobb Company's Accounting Records Show the Following at the Year

question 52

Multiple Choice

Cobb Company's accounting records show the following at the year ending on December 31, 2015: $$\begin{array} { l r } \text { Purchase Discounts } & \$ 11,200 \\\text { Freight - In } & 15,600 \\\text { Purchases } & 402,000 \\\text { Beginning Inventory } & 47,000 \\\text { Ending Inventory } & 57,600 \\\text { Purchase Returns } & 12,800\end{array}$$ Using the periodic system, the cost of goods sold is

• A) $378,000.
• B) $383,000.
• C) $393,600.
• D) $404,200.

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Definitions:

Migrants

Individuals who have moved from one region or country to another, often for reasons such as seeking employment, better living conditions, or escaping war or oppression.

Birthweight

The weight of a baby at the moment of birth, which is a crucial indicator of newborn health and development.

U.S.-born Women

Refers to women who were born in the United States, regardless of their ancestry or nationality of their parents.

Low-birthweight

A condition in newborns weighing less than 2,500 grams (5 pounds, 8 ounces) at birth, which can lead to health problems.