Given the Following Data, What Is the Cost of Beginning

question 45

Multiple Choice

Given the following data, what is the cost of beginning inventory?
$\begin{array} { l r } \text { Sales revenue } & \$ 1,450,000 \\\text { Cost of goods sold } & 845,000 \\\text { Ending inventory } & 310,000 \\\text { Purchases } & 950,000\end{array}$

• A) $415,000
• B) $1,485,000
• C) $205,000
• D) $1,035,000

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Definitions:

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A fast-growing, invasive vine known for its ability to cover trees and shrubs rapidly, native to Asia but also found in parts of the United States.