Using the following information,what is the cost of merchandise sold?

Name: Using the following information,what is the cost of merchandise sold?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The cost of merchandise sold can be calculated by subtracting the ending inventory from the sum of beginning inventory and purchases. 
Beginning inventory = $10,200 
Purchases = $24,600 
Ending inventory = $3,470 
Cost of merchandise sold = (10,200 + 24,600) - 3,470 = $31,330. Therefore, the best choice is C.

Using the Following Information,what Is the Cost of Merchandise Sold