Montague Company reported the following balances:

Montague paid suppliers $122,500 during the year.What is Montague's cost of goods sold for the year?
A)$136,250
B)$123,750
C)$121,250
D)$108,750

Question

Montague Company reported the following balances:

Montague paid suppliers $122,500 during the year.What is Montague's cost of goods sold for the year?
A)$136,250 
B)$123,750 
C)$121,250 
D)$108,750

Quizplus · Accepted Answer

The Answer of Montague Company reported the following balances:

Montague paid suppliers $122,500 during the year.What is Montague's cost of goods sold for the year?
A)$136,250 
B)$123,750 
C)$121,250 
D)$108,750

Montague Company Reported the Following Balances