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Use This Information to Answer the Following Question

Question 107

Multiple Choice

Use this information to answer the following question. Use this information to answer the following question. In addition,beginning merchandise inventory was $11,000 and ending merchandise inventory was $7,000. Cost of goods sold for the period was A) $31,000. B) $25,000. C) $38,000. D) $23,000. In addition,beginning merchandise inventory was $11,000 and ending merchandise inventory was $7,000.
Cost of goods sold for the period was


A) $31,000.
B) $25,000.
C) $38,000.
D) $23,000.

Correct Answer:

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