Beginning inventory is $20,000, net purchases total $55,000, and freight-in is $4,000. If ending inventory is $28,000,

Question:

Beginning inventory is $20,000, net purchases total $55,000, and freight-in is $4,000. If is $28,000, what is cost of goods sold?
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...