Answered: Premier Distributors has sales of…

Premier Distributors has sales of $78,000, beginning inventory of $12,400, purchases of $45,600, and ending inventory of $9,800. The cost of goods sold is: A) $48,200 B) $58,600 C) $42,800 D) $68,200

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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Question

Hello tutor solve this question and general accounting question

Premier Distributors has sales of $78,000, beginning inventory of $12,400,
purchases of $45,600, and ending inventory of $9,800. The cost of goods sold
is:
A) $48,200
B) $58,600
C) $42,800
D) $68,200

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