Multiple Choice
McLeod Corporation is a merchandising company.The year began with inventory of $27,000,Purchases for the year were $52,000,and the Ending Inventory was $14,000.What is the Cost of Goods Sold that would be reported on the income statement?
A) $93,000
B) $39,000
C) $11,000
D) $65,000
Correct Answer:
Verified
Correct Answer:
Verified
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