Multiple Choice
Lexington Company updates its inventory periodically.The company's beginning inventory was $1,000 and purchases were $5,000 during the year.The company's ending inventory count was $2,000.What was the amount of its cost of goods sold?
A) $6,000
B) $4,000
C) $8,000
D) $2,000
Correct Answer:
Verified
Correct Answer:
Verified
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