In 2013,a Company's Records Contained the Following Information About Inventory

question 24

Multiple Choice

In 2013,a company's records contained the following information about inventory.The company uses a periodic inventory system and records purchases using the net method. $\begin{array} { l } \text { Beginning inventory (at net) }&\$160\\ \text { Purchases (at invoice price) .}&200\\ \text { Purchase terms, \( 5 / 10, \mathrm{n} / 30 \) Purchase returns (at invoice price) .}&20\\ \text {Discounts lost. }&10\\ \text {Ending inventory (at net) . }&66\\\end{array}$
What was the amount of 2013 cost of goods sold?

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Definitions:

Staff Relationship

The dynamics and interactions between employees within an organization, influencing workplace environment and productivity.

Plant Manager

An individual responsible for overseeing all operations and activities within a manufacturing plant or factory, including production, staffing, and safety.

Account Manager

A professional responsible for managing relationships with specific customers or client accounts, ensuring their needs are met and business goals are achieved.

Technical Manager

An individual responsible for overseeing technical projects and teams, ensuring that technical activities align with organizational goals.