Given the Following Information, Calculate the Firm's COST OF SALES

question 37

Multiple Choice

Given the following information, calculate the firm's COST OF SALES. $$\begin{array} { l l } \text { Beginning inventory } & \$ 50,000 \\\text { Purchase discounts } & \$ 10,000 \\\text { Ending inventory } & \$ 60,000 \\\text { Purchases } & \$ 200,000 \\\text { Freight-in } & \$ 10,000\end{array}$$

• A) $180,000
• B) $285,000
• C) $190,000
• D) $120,000
• E) Cannot be determined without knowing the firm's net sales.

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