Bocchini Corporation has provided the following data concerning last month's operations. How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold?
A)$165,000
B)$163,000
C)$169,000
D)$202,000

Question

Bocchini Corporation has provided the following data concerning last month's operations.   How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold?
A)$165,000 
B)$163,000 
C)$169,000 
D)$202,000

Quizplus · Accepted Answer

The unadjusted cost of goods sold can be calculated by adding the beginning inventory to purchases and then subtracting ending inventory.

Unadjusted Cost of Goods Sold = Beginning Inventory + Purchases - Ending Inventory

= $40,000 + $140,000 - $15,000

= $165,000

Therefore, the correct answer is A) $165,000. 11ea7998_5f02_f2c9_911b_b75a2527f627_TB2627_00_TB2627_00 11ea7998_5f03_19da_911b_0dff945cb0ff_TB2627_00_TB2627_00

Bocchini Corporation Has Provided the Following Data Concerning Last Month's