Use the information below to answer the following question(s).
Montreal Industries Inc. had the following activities during the year:

-What is Montreal's cost of goods sold during the year?
A) $260,000
B) $232,000
C) $220,000
D) $200,000
E) $240,000

Question

Use the information below to answer the following question(s).
Montreal Industries Inc. had the following activities during the year:
 
-What is Montreal's cost of goods sold during the year?
A) $260,000 
B) $232,000 
C) $220,000 
D) $200,000 
E) $240,000

Quizplus · Accepted Answer

$60,000 + $240,000 - $40,000 = $260,000

Use the Information Below to Answer the Following Question(s)