Horner Corporation The following information has been taken from the cost records of Horner Corporation for the past year:
Refer to Horner Company.Cost of Goods Sold was

Question

Horner Corporation The following information has been taken from the cost records of Horner Corporation for the past year:
  Refer to Horner Company.Cost of Goods Sold was

Quizplus · Accepted Answer

Cost of Goods Sold is calculated as beginning inventory + purchases - ending inventory. Using the information in the table, Cost of Goods Sold for the year is calculated as: $600 + $246 - $100 = $746. So, the correct answer is option B.

Horner Corporation the Following Information Has Been Taken from the Cost