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Using the data below, calculate the cost of goods sold. Beginning inventory - $1,000 Inventory purchased - $3,000 Net income - $40,000 Ending inventory - $2,000 Sales - $185,000 a. $2,000 b. $4,000 c.
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Jun 21, 2023
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Using the data below, calculate the cost of goods sold.
Beginning inventory - $1,000
Inventory purchased - $3,000
Net income - $40,000
Ending inventory - $2,000
Sales - $185,000
a. $2,000
b. $4,000
c. $145,000
d. $185,000
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college
JakesMD
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The cost of goods sold is $2,000
Kamil Svoboda
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Jun 27, 2023
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Kamil Svoboda
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