In Its First Month of Operation a Company Made Purchases

Multiple Choice

In its first month of operation a company made purchases of goods to sell totaling $58,000, and at the end of the month they had $7,500 of them still on hand.What would be the cost of sales expense for the month?

A) $7,500
B) $50,500
C) $58,000
D) Cannot be determined without knowing what the sales were for the month.