Please provide this question solution accounting A company starts the month with beginning inventory of $5,000. During the month,purchases are $15,000. The ending inventory is $4,000. Calculate the cost of goods sold(COGS).Options:1. (a) $16,0002. (b) $14,0003. (c) $12,0004. (d) $18,000

Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the direct costs…

Answered: A company starts the month with…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6EB: Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a...

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A company starts the month with beginning inventory of $5,000. During the month, purchases are $15,000. The ending inventory is $4,000. Calculate the cost of goods sold (COGS). Options: 1. (a) $16,000 2. (b) $14,000 3. (c) $12,000 4. (d) $18,000