Question

The ending inventory of Co. is . If beginning inventory was and goods available​ (cost of goods available for​ sale) totaled ​, the cost of goods sold is

Answer 1

the cost of goods sold is $76,000

Step-by-step explanation:

The computation of the cost of goods sold is shown below:

The cost of goods sold is

= Ending inventory - cost of goods available for sale

= $108,000 - $32,000

= $76,000

Hence, the cost of goods sold is $76,000

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