The following information pertains to the Hewett Corporation. Calculate the cost of goods sold for the period:
A) $250,000.
B) $290,000.
C) $242,000.
D) $258,000.
E) $246,000.

Name: The following information pertains to the Hewett Corporation. Calculate the cost of goods sold for the period: A) $250,000. B) $290,000. C) $242,000. D) $258,000. E) $246,000.
Brand: Quizplus
Rating: 4.7 (37 reviews)

Question

Quizplus · Accepted Answer

Beginning inventory + Purchases - Ending inventory = Cost of goods sold$200,000 + $90,000 - $42,000 = $250,000

The Following Information Pertains to the Hewett Corporation