The following information is available for Naab Company for 2014: The cost of goods sold is equal to 400% of selling expenses. What is the cost of goods available for sale?
A) $ 920,000.
B) $1,150,000.
C) $1,135,000.
D) $1,180,000.

Question

The following information is available for Naab Company for 2014:  The cost of goods sold is equal to 400% of selling expenses. What is the cost of goods available for sale?
A) $ 920,000. 
B) $1,150,000. 
C) $1,135,000. 
D) $1,180,000.

Quizplus · Accepted Answer

The Answer of The following information is available for Naab Company for 2014:  The cost of goods sold is equal to 400% of selling expenses. What is the cost of goods available for sale?
A) $ 920,000. 
B) $1,150,000. 
C) $1,135,000. 
D) $1,180,000.

The Following Information Is Available for Naab Company for 2014