The Following Information Is Available for Plymouth Ltd The Cost of Goods Sold Is Equal to 200% of Year

question 75

Multiple Choice

The following information is available for Plymouth Ltd. for last year: $$\begin{array} { l l } \text { Freight-in } & \$ 120,000 \\\text { Purchase returns } & 183,000 \\\text { Selling expenses } & 255,000 \\\text { Ending inventory } & 480,000\end{array}$$ The cost of goods sold is equal to 200% of selling expenses. What is the cost of goods available for sale?

• A) Cannot be determined from information given.
• B) $447,000
• C) $990,000
• D) $927,000

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Shortcomings or gaps in an individual's or organization's ability to perform at the expected level.

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