Hoover Company Had Beginning Inventory of $15,000 at March 1

Multiple Choice

Hoover Company had beginning inventory of $15,000 at March 1, 2017. During the month, the company made purchases of $65,000. The inventory at the end of the month is $17,300. What is cost of goods sold for the month of March?

A) $62,700
B) $65,000
C) $80,000
D) $82,300