Using the Following Information, What Is the Amount of Cost

question 185

Multiple Choice

Using the following information, what is the amount of cost of goods sold? $$\begin{array} { | l | r | l | l | r | } \hline \text { Furchases } & \$ 32,000 & & \text { Purchases discounts } & \$ 960 \\\hline \begin{array} { l } \text { Merchandise inventory } \\\text { September 1 }\end{array} & 5,700 & & \begin{array} { l } \text { Merchandise inventory } \\\text { September } 30\end{array} & 6,370 \\\hline \begin{array} { l } \text { Sales returns and } \\\text { allowances }\end{array} & 910 & & \text { Sales } & 63,000 \\\hline \begin{array} { l } \text { Purchases returns and } \\\text { allowances }\end{array} & 1,200 & & \text { Freight In } & 1,040 \\\hline\end{array}$$

• A) $26,900
• B) $20,530
• C) $28,130
• D) $30,210

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Definitions:

Competitive

Characterized by or involving competition; striving to gain or win something by defeating or establishing superiority over others.

Behavioral Characteristics

Observable patterns in the actions or reactions of an individual or group in various situations.

Workplace Stress

Psychological and physical strain or tension generated by aspects of the work environment.

Behavioral Problems

Actions or patterns of behavior that are disruptive or harmful to oneself or others, often necessitating intervention or support.