34.6k views
4 votes
What would the cost of goods sold be if the cost of goods available for sale totaled $650.00 and the ending inventory totaled $86.00?

A. 546.00
b.$564.00
c. 5.46
d. 50.64

2 Answers

5 votes

Answer:

$564.00

Explanation:

$650.00 - $86.00 = $564.00

COGS: cost of goods available for sale - cost of ending inventory

User Sidharth Ghoshal
by
8.3k points
7 votes

Answer: Option 'b' is correct.

Explanation:

Since we have given that

Cost of goods available for sale = $650.00

Amount of inventory = $86.00

So, Total cost of goods sold becomes

Cost of goods available for sale - Amount of inventory


\$650-\$86\\\\=\$564.00

Hence, Option 'b' is correct.

User Manash Kumar
by
9.0k points
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