Multiple Choice
During the year Comer, Inc., had $200,000 in goods available for sale. At the end of the accounting period it had an ending inventory of $40,000. The cost of goods sold by Comer was therefore
A) $200,000.
B) $160,000.
C) $40,000.
D) $20,000.
E) $10,000.
Correct Answer:
Verified
Correct Answer:
Verified
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