Calculate Cost of Goods Sold: Freight-In ........... $ 8 Beginning Inventory ........ 16 Ending Inventory ....... $

Question:

Calculate Cost of Goods Sold:
Freight-In ........... $ 8
Beginning Inventory ........ 16
....... $ 7
Net Purchases ......... 67

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 =...