Scada Co's beginning inventory for the year was $52,500, purchases during the year were $135,750, and ending inventory for the year was $175,000. What is Scada's cost of goods sold for the year? a. $91,750 b. $52,500 c. $13,250 d. $17,500

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Scada Co's beginning inventory for the year
was $52,500, purchases during the year were
$135,750, and ending inventory for the year
was $175,000. What is Scada's cost of goods
sold for the year? a. $91,750 b. $52,500 c.
$13,250 d. $17,500
Transcribed Image Text:Scada Co's beginning inventory for the year was $52,500, purchases during the year were $135,750, and ending inventory for the year was $175,000. What is Scada's cost of goods sold for the year? a. $91,750 b. $52,500 c. $13,250 d. $17,500
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