A Company That Uses the Periodic Inventory Method Provides the Following

question 13

Multiple Choice

A company that uses the periodic inventory method provides the following information: At the end of the period, the company does an inventory count and finds $9,000 of inventory on hand.
How much is the Cost of goods sold?

• A)$98,000
• B)$72,000
• C)$80,000
• D)$90,000