A company has beginning inventory for the year of $11,000. During the year, the company purchases inventory for $190,000 and ends the year with $29,000 of inventory. The company will report cost of goods sold equal to: Multiple Choice $190,000. $172,000. $219,000. $208,000.

A company has beginning inventory for the year of $11,000. During the year, the company purchases inventory for $190,000 and ends the year with $29,000 of inventory. The company will report cost of goods sold equal to: Multiple Choice $190,000. $172,000. $219,000. $208,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Multiple Choice

$190,000.
$172,000.
$219,000.
$208,000.

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