Orion Tech Solutions has the following inventory data (stated in thousands): -Beginning Inventory-$300 -Ending Inventory = $800 -Beginning Inventory = $600 -Ending Inventory = $500 -Beginning Inventory - $850 -Ending Inventory - $1,000 The Cost of Goods Available for Sale was $2,500. What was the Cost of Goods Sold (COGS)?

Orion Tech Solutions has the following inventory data (stated in thousands): -Beginning Inventory-$300 -Ending Inventory = $800 -Beginning Inventory = $600 -Ending Inventory = $500 -Beginning Inventory - $850 -Ending Inventory - $1,000 The Cost of Goods Available for Sale was $2,500. What was the Cost of Goods Sold (COGS)?

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter13: Accounting For Merchandise Inventory

Section: Chapter Questions

Problem 3CE: Use the following information to compute cost of goods sold under the FIFO and LIFO inventory...

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