Gabriel Inc

question 1

Multiple Choice

Gabriel Inc. is a merchandising company. Last month the company's merchandise purchases totaled £70,000. The company's beginning merchandise inventory was £15,000 and its ending merchandise inventory was £22,000. What was the company's cost of goods sold for the month

• A)£63,000
• B)£77,000
• C)£107,000
• D)£70,000

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