Gabel Inc. is a merchandising company. Last month the company's merchandise purchases totalled $63,000. The company's beginning merchandise inventory was $13,000 and its ending merchandise inventory was $15,000. What was the company's cost of goods sold for the month?
A) $65,000.
B) $91,000.
C) $61,000.
D) $63,000.
Correct Answer:
Verified
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