Salvadore Inc., a local retailer, has provided the following data for the month of September:

-The cost of goods sold for September was:
A)$132,000
B)$134,000
C)$133,000
D)$200,000

Question

Salvadore Inc., a local retailer, has provided the following data for the month of September:

-The cost of goods sold for September was:
A)$132,000 
B)$134,000 
C)$133,000 
D)$200,000

Quizplus · Accepted Answer

Cost of goods sold = Beginning merchandise inventory + Purchases of merchandise inventory - Ending merchandise inventory
= $42,000 + $133,000 - $41,000
= $134,000