Maggie's Antiques and Collectibles opened with $14 000 beginning inventory. Maggie purchased an additional $5500 in antiques and sold all but $7500. What is Maggie's cost of goods sold?
$27 000
$12 000
$19 500
$13 000
None of these

Question

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The Answer of Maggie's Antiques and Collectibles opened with $14 000 beginning inventory. Maggie purchased an additional $5500 in antiques and sold all but $7500. What is Maggie's cost of goods sold?
$27 000
$12 000
$19 500
$13 000
None of these

Maggie's Antiques and Collectibles Opened with $14 000 Beginning Inventory