Question

You begin the month with $5,550 of inventory. You purchase $13,000 of stock during the month. You end the month with $2,333 of inventory. What was your COGS?

a) $5,117

b) $16,217

c) $16,550

d) $20,833

Answer 1

The correct answer is $16217

Explanation:

You do 5550 + 13000 and get that answer and subtract 2333