ABC Company had the following inventory information: Beginning inventory: 500 units at $10 per unit Purchases: 1,000 units at $12 per unit Sales: 800 units Ending inventory: 700 units Calculate the cost of goods sold for ABC Company.

ABC Company had the following inventory information: Beginning inventory: 500 units at $10 per unit Purchases: 1,000 units at $12 per unit Sales: 800 units Ending inventory: 700 units Calculate the cost of goods sold for ABC Company.

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Question

ABC Company had the following inventory information:

Beginning inventory: 500 units at $10 per unit

Purchases: 1,000 units at $12 per unit

Sales: 800 units

Ending inventory: 700 units

Calculate the cost of goods sold for ABC Company.

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