Baker Fine Foods Has Beginning Inventory for the Year of $12,000.During

question 25

Multiple Choice

Baker Fine Foods has beginning inventory for the year of $12,000.During the year,Baker purchases inventory for $150,000 and ends the year with $20,000 of inventory.Baker will report cost of goods sold equal to:

• A)$150,000.
• B)$158,000.
• C)$142,000.
• D)$170,000.

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