A Company That Uses the Periodic Inventory Provides the Following

question 95

Multiple Choice

A company that uses the periodic inventory provides the following information: 1.Beginning Inventory $15,000
2) Net Purchases $93,000
At the end of the period,the physical count of inventory reveals that $13,000 of inventory is on hand.
What is the amount of cost of goods sold?

• A) $93,000
• B) $121,000
• C) $95,000
• D) $80,000

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