Exhibit 26-1

-Refer to Exhibit 26-1. What dollar value goes in blank (D)?

Question

Exhibit 26-1
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-Refer to Exhibit 26-1. What dollar value goes in blank (D)?

Quizplus · Accepted Answer

Blank (D) requires the calculation of the total cost of goods sold (COGS). COGS is calculated as the beginning inventory plus purchases minus the ending inventory. Given the values in the exhibit (not shown here, but typically including these figures), if the correct answer is $46, it means the calculation aligns with the standard formula for COGS, reflecting the total value of goods that were sold during the period.

Exhibit 26-1 ​

Exhibit 26-1