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

Montreal's cost of goods sold during the year is $260,000. This is calculated by subtracting the beginning inventory from the ending inventory and adding the purchases.

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