A company that uses the periodic inventory method provides the following information: At the end of the period, the company does an inventory count and finds $16,000 of inventory on hand.
How much is the Cost of goods sold?

Question

A company that uses the periodic inventory method provides the following information:  At the end of the period, the company does an inventory count and finds $16,000 of inventory on hand.
How much is the Cost of goods sold?

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The Answer of A company that uses the periodic inventory method provides the following information:  At the end of the period, the company does an inventory count and finds $16,000 of inventory on hand.
How much is the Cost of goods sold?

A Company That Uses the Periodic Inventory Method Provides the Following