The following information is available for Leno Company: $$\begin{array} { l r l r }
\text { Sales Revenue } & \$ 390,000 & \text { Freight-In } & \$ 20,000 \
\text { Ending Inventory } & 35,500 & \text { Purchase Returns and Allowances } & 12,000 \
\text { Purchases } & 274,000 & \text { Beginning Inventory } & 43,000
\end{array}$$ Leno's cost of goods sold is
A) $258500.
B) $282000.
C) $289500.
D) $337000.

Question

The following information is available for Leno Company: $$\begin{array} { l r l r } 
\text { Sales Revenue } & \$ 390,000 & \text { Freight-In } & \$ 20,000 \
\text { Ending Inventory } & 35,500 & \text { Purchase Returns and Allowances } & 12,000 \
\text { Purchases } & 274,000 & \text { Beginning Inventory } & 43,000
\end{array}$$ Leno's cost of goods sold is
A) $258500.
B) $282000.
C) $289500.
D) $337000.

Quizplus · Accepted Answer

The Answer of The following information is available for Leno Company: $$\begin{array} { l r l r } 
\text { Sales Revenue } & \$ 390,000 & \text { Freight-In } & \$ 20,000 \
\text { Ending Inventory } & 35,500 & \text { Purchase Returns and Allowances } & 12,000 \
\text { Purchases } & 274,000 & \text { Beginning Inventory } & 43,000
\end{array}$$ Leno's cost of goods sold is
A) $258500.
B) $282000.
C) $289500.
D) $337000.

The Following Information Is Available for Leno Company Leno's Cost of Goods Sold Is A) $258500

The Following Information Is Available for Leno Company Leno's Cost of Goods Sold Is
A) $258500