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The Following Information Is Available for Excelsior Corp for 2020

question 91

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The following information is available for Excelsior Corp for 2020:  Payment for goods during year................................. $104,000 Accounts payable, beginning ................................... 14,000Inventory, beginning ................................................. 28,000 Accounts payable, ending........................................ 12,600 Inventory, ending.................................................... 16,200\begin{array}{llcc} \text { Payment for goods during year................................. } &\$104,000 \\ \text { Accounts payable, beginning ................................... } &14,000\\ \text {Inventory, beginning ................................................. } &28,000\\ \text { Accounts payable, ending........................................ } &12,600\\ \text { Inventory, ending.................................................... } &16,200\\\end{array}

Cost of goods sold for 2020 is

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Definitions:

Fluke-Platyhelminthes

A class of parasitic flatworms within the Phylum Platyhelminthes, including liver flukes and blood flukes, affecting various hosts.

Calcium Crystals

Mineral deposits found in various tissues of the body, often in bones and teeth, contributing to their hardness.

Silica Crystals

Rigid, crystalline structures made of silicon dioxide (SiO2), found in nature as quartz and used industrially and scientifically for various applications.

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Small, spike-shaped structures found in certain animals like sponges, serving as a skeletal element.

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