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    Fundamentals of Financial Accounting Study Set 3
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    Exam 7: Inventory and Cost of Goods Sold
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    The 2009 Records of Thompson Company Showed Beginning Inventory,$6,000; Cost
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The 2009 Records of Thompson Company Showed Beginning Inventory,$6,000; Cost

Question 83

Question 83

Multiple Choice

The 2009 records of Thompson Company showed beginning inventory,$6,000; cost of goods sold,$14,000; and ending inventory,$8,000.The cost of purchases for 2009 was:


A) $12,000.
B) $10,000.
C) $9,000.
D) $16,000.

Correct Answer:

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