Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall

Exercise 74

For the following questions, circle the best response.

Use the following data for Question.

Information obtained from Blue Heron, Inc.’s accounts on December 31 included:

The cost of goods sold for Blue Heron, Inc., in 2010 was

a. $154,000.

b. $190,000.

c. $198,000.

d. $210,000.

e. $214,000.