If beginning inventory is $5,000,ending inventory is $3,000,net purchases is $12,000 and Freight-in is $400,what is the Cost of Goods Sold?
A)$17,400
B)$17,000
C)$14,400
D)$14,000

Name: If beginning inventory is $5,000,ending inventory is $3,000,net purchases is $12,000 and Freight-in is $400,what is the Cost of Goods Sold? A)$17,400 B)$17,000 C)$14,400 D)$14,000
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Question

Quizplus · Accepted Answer

Beginning inventory + Net purchases + Freight-in - Ending inventory = Cost of Goods Sold
$5,000 + $12,000 + $400 - $3,000 = $14,400

If Beginning Inventory Is $5,000,ending Inventory Is $3,000,net Purchases Is