Question

Aster Inc. is a trading firm. It has $5,500 worth of inventory at the beginning of the year. It made purchases worth $10,700 during the year. At the end of the year, the stock was valued at $3,700. What is the value of Aster Inc.’s cost of goods sold for the year?

A. $16,200
B. $19,900
C. $12,500
D. $8,900

Answer 1

The aNswer is C

Explanation:

Answer 2

(Begging inventory+purchase)-ending inventory
(5,500+10,700)−3,700=12,500