In Analyzing the Income Statement of Bob Company, Cost of Goods

Multiple Choice

In analyzing the income statement of Bob Company, cost of goods sold decreased from 2013 to 2014 by 8.2%. The cost of goods sold was $19,000 in 2014. The cost of goods sold to the nearest cent in 2013 was:

A) $20,697.17
B) $20,679.71
C) $20,769.71
D) $20,796.71
E) None of these