Horse Creek Company had beginning inventory of $900,000,purchases of $2,000,000,purchase returns of $50,000,ending inventory of $800,000,beginning accounts payable of $200,000 and ending accounts payable of $100,000.What was the cost of goods sold?
A) $2,050,000
B) $1,950,000
C) $2,150,000
D) $1,900,000
Correct Answer:
Verified
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