Don't use ai given answer accounting questions During last month, you are given the following data for PQ Retail Store:The available for sales: $240,000 Ending inventory: 25% of Cost of goodssoldFind the cost of goods sold for the last month.a. $168,000b. $192,000c. $216,000d. $240,000

Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) is the direct cost incurred…

Answered: During last month, you are given the…

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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During last month, you are given the following data for PQ Retail Store: The available for sales: $240,000 Ending inventory: 25% of Cost of goods sold Find the cost of goods sold for the last month. a. $168,000 b. $192,000 c. $216,000 d. $240,000