Answered: A company's beginning inventory is…

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)?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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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)?

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