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Other Fields Homework Help Accounting Topic started by: bernie2981 on Nov 15, 2015



Title: Company X sells widgets. The following information summarizes the company's operating activities for
Post by: bernie2981 on Nov 15, 2015
Company X sells widgets. The following information summarizes the company's operating activities for the year:

Beginning inventory     $7,000
Sales revenue     $25,000
Sales commissions    $1,000
Rent for office    $2,000
Utilities for the office    $1,500
Purchases    $6,000
Ending inventory    $5,000

What is cost of goods sold?
A) $8,000
B) $6,000
C) $9,500
D) $13,000


Title: Re: Company X sells widgets. The following information summarizes the company's operating activities
Post by: nuclei on Nov 18, 2015
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Title: Re: Company X sells widgets. The following information summarizes the company's operating activities for
Post by: bernie2981 on Dec 1, 2015
Answers my question perfectly.


Title: Re: Company X sells widgets. The following information summarizes the company's operating ...
Post by: kshawver on Jan 17, 2019
Thank you!!!!