Compute cost of goods sold


At the beginning of September 2011, ABC Co. reported Merchandise Inventory of $4,000. During the month, the company made purchases of $11,700. On September 30, 2011, a physical count of inventory reported $4,800 on hand. Cost of goods sold for the month is

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Accounting Basics: Compute cost of goods sold
Reference No:- TGS0513470

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