Using the following information,what is the amount of cost of goods sold? ?
?
$$\begin{array} { l r }
\text { Purchases } & \$ 32,000 \
\text { Merchandise inventory, September } 1 & 5,700 \
\text { Merchandise inventory, September 30 } & 6,370 \
\text { Purchase returns and allowances } & 1,200 \
\text { Purchase discounts } & 960 \
\text { Transportation-in } & 1,040 \
\text { Sales } & 63,000 \
\text { Sales returns and allowances } & 910
\end{array}$$
A)$26,900
B)$20,530
C)$28,130
D)$30,210

Question

Using the following information,what is the amount of cost of goods sold? ?
?
$$\begin{array} { l r } 
\text { Purchases } & \$ 32,000 \
\text { Merchandise inventory, September } 1 & 5,700 \
\text { Merchandise inventory, September 30 } & 6,370 \
\text { Purchase returns and allowances } & 1,200 \
\text { Purchase discounts } & 960 \
\text { Transportation-in } & 1,040 \
\text { Sales } & 63,000 \
\text { Sales returns and allowances } & 910
\end{array}$$
A)$26,900
B)$20,530
C)$28,130
D)$30,210

Quizplus · Accepted Answer

The Answer of Using the following information,what is the amount of cost of goods sold? ?
?
$$\begin{array} { l r } 
\text { Purchases } & \$ 32,000 \
\text { Merchandise inventory, September } 1 & 5,700 \
\text { Merchandise inventory, September 30 } & 6,370 \
\text { Purchase returns and allowances } & 1,200 \
\text { Purchase discounts } & 960 \
\text { Transportation-in } & 1,040 \
\text { Sales } & 63,000 \
\text { Sales returns and allowances } & 910
\end{array}$$
A)$26,900
B)$20,530
C)$28,130
D)$30,210

Using the Following Information,what Is the Amount of Cost of Goods