A company's beginning inventory is $10,000, purchases during the period are $25,000, and the ending inventory is $8,000. What is the cost of goods sold (COGS)?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
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A company's beginning inventory is $10,000,
purchases during the period are $25,000, and
the ending inventory is $8,000. What is the cost
of goods sold (COGS)?
Transcribed Image Text:A company's beginning inventory is $10,000, purchases during the period are $25,000, and the ending inventory is $8,000. What is the cost of goods sold (COGS)?
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