Felix Company reported the following year-end amounts:

What is Felix Company's Ending Inventory and Cost of Goods Sold for the year?
A) Ending Inventory = $12,660; Cost of Goods Sold = $30,740
B) Ending Inventory = $11,110; Cost of Goods Sold = $21,640
C) Ending Inventory = $ 8,640; Cost of Goods Sold = $30,740
D) Ending Inventory = $ 9,100; Cost of Goods Sold = $19,750

Question

Felix Company reported the following year-end amounts:

What is Felix Company's Ending Inventory and Cost of Goods Sold for the year?
A) Ending Inventory = $12,660; Cost of Goods Sold = $30,740 
B) Ending Inventory = $11,110; Cost of Goods Sold = $21,640 
C) Ending Inventory = $ 8,640; Cost of Goods Sold = $30,740 
D) Ending Inventory = $ 9,100; Cost of Goods Sold = $19,750

Quizplus · Accepted Answer

The Answer of Felix Company reported the following year-end amounts:

What is Felix Company's Ending Inventory and Cost of Goods Sold for the year?
A) Ending Inventory = $12,660; Cost of Goods Sold = $30,740 
B) Ending Inventory = $11,110; Cost of Goods Sold = $21,640 
C) Ending Inventory = $ 8,640; Cost of Goods Sold = $30,740 
D) Ending Inventory = $ 9,100; Cost of Goods Sold = $19,750

Felix Company Reported the Following Year-End Amounts