A company has $8,200 in net sales,$1,100 in gross profit,$2,500 in ending inventory and $2,000 in beginning inventory.The company's cost of goods sold is:

Name: A company has $8,200 in net sales,$1,100 in gross profit,$2,500 in ending inventory and $2,000 in beginning inventory.The company's cost of goods sold is:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost of goods sold = Net sales - Gross profit + Beginning inventory - Ending inventory= $8,200 - $1,100 + $2,000 - $2,500= $7,100

A Company Has $8,200 in Net Sales,$1,100 in Gross Profit,$2,500