The following information is available for Monty Corp. for 2023: Payment for goods during year $103200 Accounts Payable, beginning 14800 Inventory, beginning 30600 Accounts Payable, ending 12900 Inventory, ending 17800 Cost of goods sold for 2023 is a) $105100. b) $101300. c)$133800. d)$114100.

The following information is available for Monty Corp. for 2023: Payment for goods during year $103200 Accounts Payable, beginning 14800 Inventory, beginning 30600 Accounts Payable, ending 12900 Inventory, ending 17800 Cost of goods sold for 2023 is a) $105100. b) $101300. c)$133800. d)$114100.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The following information is available for Monty Corp. for 2023: Payment for goods during
year $103200 Accounts Payable, beginning 14800 Inventory, beginning 30600 Accounts
Payable, ending 12900 Inventory, ending 17800 Cost of goods sold for 2023 is a) $105100. b)
$101300. c)$133800. d)$114100.

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