Multiple Choice
A company that uses the periodic inventory provides the following information:
1.Beginning Inventory $11,000
2.Net Purchases $95,000
At the end of the period,the company does an inventory count and finds $10,000 of inventory on hand.
What is the amount of cost of goods sold?
A) $95,000
B) $116,000
C) $96,000
D) $85,000
Correct Answer:
Verified
Correct Answer:
Verified
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