Calculate the Cost of Goods Sold for a Merchandiser Using

question 196

Multiple Choice

Calculate the cost of goods sold for a merchandiser using the periodic inventory system from the following details. $$\begin{array} { | l | r | } \hline \text { Purchases } & \$ 540,000 \\\hline \text { Beginning Merchandise Inventory } & 185,000 \\\hline \text { Purchase Returns and Allowances } & 50,000 \\\hline \text { Purchase Discounts } & 14,000 \\\hline \text { Freight In } & 18,000 \\\hline \text { Ending Merchandise Inventory } & 150,000 \\\hline\end{array}$$

• A) $540,000
• B) $529,000
• C) $547,000
• D) $829,000

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The extent to which an individual's physical characteristics are deemed attractive or appealing by people.

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