Robin Company Uses a Periodic Inventory System A) $26,000
B) $22,000
C) $26,200
D) $28,400

question 245

Multiple Choice

Robin Company uses a periodic inventory system.Use the following details to calculate the cost of goods sold. $$\begin{array} { | l | r | } \hline \text { Beginning merchandise } & \\\text { inventory } & \$ 2,000 \\\hline \text { Ending merchandise inventory } & 2,200 \\\hline \text { Purchases } & 24,000 \\\hline \text { Purchase Discounts } & 800 \\\hline \text { Purchase Returns and } & \\\text { Allowances } & 1,200 \\ \hline \text { Freight In } &4,400\\\hline\end{array}$$

• A) $26,000
• B) $22,000
• C) $26,200
• D) $28,400

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Definitions:

Diversity

The inclusion of individuals from a variety of backgrounds, cultures, perspectives, and experiences in a group or organization.

Line Managers

Managers who have direct responsibility over a specific department or team within an organization and oversee day-to-day operations.

Recruiting Stages

The sequential steps or phases in the process of identifying, attracting, interviewing, selecting, and hiring candidates for employment.

Directly Involved

Being actively engaged or having a direct role in a particular process, activity, or event, often implying a significant level of participation or responsibility.