Solved: Company x sells widgets the following information, Accounting Basics

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Company x sells widgets the following information

Company X sells widgets. The following information summarizes the company's operating activities for the year:

Beginning inventory $7,000
Sales revenue $25,000
Sales commissions $1,000
Rent for office $2,000
Utilities for the office $1,500
Purchases $6,000
Ending inventory $5,000

What is cost of goodssold?

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Accounting Basics: Company x sells widgets the following information

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Accounting Basics: Company x sells widgets the following information

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