Gable Inc Is a Merchandising Company

question 56

Multiple Choice

Gable Inc. is a merchandising company. Last month the company's merchandise purchases totaled £86,000. The company's beginning merchandise inventory was £15,000 and its ending merchandise inventory was £11,000. What was the company's cost of goods sold for the month

• A)£86,000
• B)£112,000
• C)£82,000
• D)£90,000

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