Answered: Boron Company has sales of $68,000,…

Boron Company has sales of $68,000, beginning inventory of $12,000, purchases of $43,000, and ending inventory of $10,000. The cost of goods sold is: A. $55,000 B. $45,000 C. $21,000 D. $41,000

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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Hello tutor please provide answer general accounting question

Boron Company has sales of $68,000, beginning inventory of $12,000, purchases of
$43,000, and ending inventory of $10,000.
The cost of goods sold is:
A. $55,000
B. $45,000
C. $21,000
D. $41,000

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