From the following data what is the cost of sales? Beginning inventory $12,000, purchases $128,000, ending inventory $14,000.
A)$116,000
B)$126,000
C)$128,000
D)$130,000

Question

Quizplus · Accepted Answer

The cost of sales can be calculated using the formula: Beginning inventory + Purchases - Ending inventory = Cost of Sales. 
Substituting the values given, we get: 12,000 + 128,000 - 14,000 = 126,000. Therefore, the cost of sales is $126,000.

From the Following Data What Is the Cost of Sales