Below is an extract from an income statement.
$$\begin{array} { l r }
&\$ \
\text { Beginning inventory } & 28000 \
\text { Gross sales } & 36000 \
\text { Freight-in } & 2500 \
\text { Sales returns } & 4000 \
\text { Ending inventory } & 25200 \
\text { Purchases } & 31600
\end{array}$$
The cost of sales is:
A) $29 500.
B) $32 000.
C) $34 400.
D) $36 900.

Question

Below is an extract from an income statement.
$$\begin{array} { l r } 
&\$ \
\text { Beginning inventory } & 28000 \
\text { Gross sales } & 36000 \
\text { Freight-in } & 2500 \
\text { Sales returns } & 4000 \
\text { Ending inventory } & 25200 \
\text { Purchases } & 31600
\end{array}$$
The cost of sales is:
A) $29 500.
B) $32 000.
C) $34 400.
D) $36 900.

Quizplus · Accepted Answer

The Answer of Below is an extract from an income statement.
$$\begin{array} { l r } 
&\$ \
\text { Beginning inventory } & 28000 \
\text { Gross sales } & 36000 \
\text { Freight-in } & 2500 \
\text { Sales returns } & 4000 \
\text { Ending inventory } & 25200 \
\text { Purchases } & 31600
\end{array}$$
The cost of sales is:
A) $29 500.
B) $32 000.
C) $34 400.
D) $36 900.

Below Is an Extract from an Income Statement The Cost of Sales Is: A) $29 500

Below Is an Extract from an Income Statement The Cost of Sales Is:
A) $29 500