Use the information above to answer the following question.What is the amount of Cost of Goods Sold?
A)$650,000
B)$720,000
C)$150,000
D)$70,000

Question

Quizplus · Accepted Answer

The Cost of Goods Sold (COGS) is typically calculated as the beginning inventory plus purchases minus ending inventory. The correct choice is based on the information provided above, which indicates that the COGS is $650,000.

Use the Information Above to Answer the Following Question