Given the following data, what is the cost of goods sold? Sales revenue $730,000 Beginning inventory 80,000 Ending inventory 95,000 Purchases of inventory 160,000 A. $555,000. B. $585,000. C. $570,000. D. $175,000. E. $145,000.

Given the following data, what is the cost of goods sold? Sales revenue $730,000 Beginning inventory 80,000 Ending inventory 95,000 Purchases of inventory 160,000 A. $555,000. B. $585,000. C. $570,000. D. $175,000. E. $145,000.

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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100%

Answer? ? General Accounting question

Given the following data, what is the cost of goods sold?
Sales revenue
$730,000
Beginning inventory
80,000
Ending inventory
95,000
Purchases of inventory 160,000
A. $555,000.
B. $585,000.
C. $570,000.
D. $175,000.
E. $145,000.

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