Use This Information to Answer the Following Question

question 97

Multiple Choice

Use this information to answer the following question. In addition,beginning merchandise inventory was $22,000 and ending merchandise inventory was $14,000.
Cost of goods sold for the period was

• A) $74,000.
• B) $62,000.
• C) $88,000.
• D) $58,000.

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Definitions:

Capital Equipment

Long-term, tangible assets acquired or used to produce goods and services, such as machinery, buildings, and vehicles.

Technological Knowledge

Information and expertise related to the practical application of science and engineering in creating products, processes, and services.

Per Capita Energy Consumption

The average amount of energy used per person within a specific area or country.

World Population

The total number of humans currently living on Earth, often estimated and subject to change due to birth rates, death rates, and migration patterns.