If sales = $45 000,purchases = $25 000,beginning inventory = $10 000 and ending inventory = $8000 cost of sales is:
A)$18 000
B)$27 000
C)$7000
D)$20 000

Name: If sales = $45 000,purchases = $25 000,beginning inventory = $10 000 and ending inventory = $8000 cost of sales is: A)$18 000 B)$27 000 C)$7000 D)$20 000
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

Cost of Sales = Beginning Inventory + Purchases - Ending Inventory
Cost of Sales = $10 000 + $25 000 - $8 000
Cost of Sales = $27 000

If Sales = $45 000,purchases = $25 000,beginning Inventory =