Question

If Tonya purchased 200 decorative pillows at $12 each and sold 75 of the pillows for $20 each, what is the cost of goods sold

Answer 1

the cost of goods sold is $1,500

Step-by-step explanation:

The computation of the cost of goods sold is

= Opening inventory + purchase - ending inventory

= $0 + 200 × $12 - (200 × $12 - 75 × $20)

= $ + $2,400 - ($2,400 - $1,500)

= $2,400 - $900

= $1,500

hence, the cost of goods sold is $1,500

We simply applied the above formula so that the correct value could come

And, the same is to be considered