Company cost of goods sold for month, Accounting Basics

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Company cost of goods sold for month

Gabruk Inc. is a merchandising company. Last month the company's merchandise purchases totaled $88,000. The company's beginning merchandise inventory was $15,000 and its ending merchandise inventory was $13,000. What was the company's cost of goods sold for the month?

a) $88,000

b) $90,000

c) $86,000

d) $116,000

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Accounting Basics: Company cost of goods sold for month

Reference No:- TGS045975

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Recent Questions Asked Accounting Basics

Q : Average cost per unit as a performance measure

Q : Gain-loss on retirement of the bonds

Q : Fair values and equity method

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Accounting Basics: Company cost of goods sold for month

Reference No:- TGS045975

Recent Questions Asked Accounting Basics

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