ABC Corp. had the following information for the month of March: . Beginning inventory: $45,000 Purchases during the month: $80,000 Ending inventory: $50,000 Sales during the month: $120,000 What is the cost of goods sold (COGS) for the month of March?

ABC Corp. had the following information for the month of March: . Beginning inventory: $45,000 Purchases during the month: $80,000 Ending inventory: $50,000 Sales during the month: $120,000 What is the cost of goods sold (COGS) for the month of March?

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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I am looking for the correct answer to this general accounting problem using valid accounting standards.

ABC Corp. had the following information for the month of March:
.
Beginning inventory: $45,000
Purchases during the month: $80,000
Ending inventory: $50,000
Sales during the month: $120,000
What is the cost of goods sold (COGS) for the month of March?

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