Camping for Fun purchased merchandise costing $1,000.Calculate the cost of goods sold under the following different situations:
a)Beginning inventory $200 and no ending inventory.
b)Beginning inventory $250 and a $300 ending inventory.
c)No beginning inventory and a $150 ending inventory.

Question

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The Answer of Camping for Fun purchased merchandise costing $1,000.Calculate the cost of goods sold under the following different situations:
a)Beginning inventory $200 and no ending inventory.
b)Beginning inventory $250 and a $300 ending inventory.
c)No beginning inventory and a $150 ending inventory.

Camping for Fun Purchased Merchandise Costing $1,000