Answered: Zenith Corporation has sales of…

Zenith Corporation has sales of $95,000, beginning inventory of $18,000, purchases of $56,000, and ending inventory of $15,000. The cost of goods sold is: A. $74,000 B. $59,000 C. $33,000 D. $41,000

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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Question

How to find the cost of goods sold please answer

Zenith Corporation has sales of $95,000,
beginning inventory of $18,000, purchases of
$56,000, and ending inventory of $15,000. The cost
of goods sold is:
A. $74,000
B. $59,000
C. $33,000
D. $41,000

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