Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bernie2981 bernie2981
wrote...
Go to Answer
Posts: 3810
Rep: 26 0
8 years ago
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
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 395 times
3 Replies
Replies
Answer verified by a subject expert
nucleinuclei
wrote...
#1
Top Poster
Posts: 2158
Rep: 418 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

bernie2981 Author
wrote...
#2
8 years ago
Answers my question perfectly.
wrote...
#3
5 years ago
Thank you!!!!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  702 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 927
  
 310
  
 190
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: Which is the best fuel for late night cramming?