On March 13, 2010, Strauss Department Store Purchased Five Sweaters

Multiple Choice

On March 13, 2010, Strauss Department Store purchased five sweaters from Charter Manufacturers for $20 each. On April 1, 2010, Lela Landers purchased all of those sweaters from Strauss for $35 each. Strauss should recognize a

A) $75 increase in revenue for the sale of the sweaters to Landers.
B) $100 increase in revenue for the sale of the sweaters to Landers.
C) $75 increase in cost of goods sold for the sale of sweaters to Landers.
D) $100 increase in cost of goods sold for its sale of sweaters to Landers.
E) $175 increase in cost of goods sold for its sale of sweaters to Landers.