Multiple Choice
Gabriel Inc. is a merchandising company. Last month the company's merchandise purchases totaled £70,000. The company's beginning merchandise inventory was £15,000 and its ending merchandise inventory was £22,000. What was the company's cost of goods sold for the month
A) £63,000
B) £77,000
C) £107,000
D) £70,000
Correct Answer:
Verified
Correct Answer:
Verified
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