If Beginning Inventory Is $5,000,ending Inventory Is $3,000,net Purchases Is

question 91

Multiple Choice

If beginning inventory is $5,000,ending inventory is $3,000,net purchases is $12,000 and Freight-in is $400,what is the Cost of Goods Sold?

• A)$17,400
• B)$17,000
• C)$14,400
• D)$14,000

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Definitions:

Formal Operational

The final stage of cognitive development, as defined by Piaget, characterized by the ability to think abstractly and logically.

Reason Abstractly

The cognitive ability to think about objects, principles, and ideas that are not physically present.

Dendritic Complexity

Dendritic complexity refers to the intricate branching pattern of dendrites, which increases the neuron's capacity to form connections with other neurons.

Myelination

The process of forming a myelin sheath around a nerve to improve the speed of electrical impulses.