Camping for Fun purchased merchandise costing $1,200. Calculate the cost of goods sold under the following different situations:
a) Beginning inventory $250 and no ending inventory.
b) Beginning inventory $300 and a $200 ending inventory.
c) No beginning inventory and a $100 ending inventory.

Question

Quizplus · Accepted Answer

The Answer of Camping for Fun purchased merchandise costing $1,200. Calculate the cost of goods sold under the following different situations:
a) Beginning inventory $250 and no ending inventory.
b) Beginning inventory $300 and a $200 ending inventory.
c) No beginning inventory and a $100 ending inventory.

Camping for Fun Purchased Merchandise Costing $1,200