4. Below are some accounts and their balances for a merchandising business. The ending inventory figure...

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4. Below are some accounts and their balances for a merchandising business. The ending inventory figure is $15,600. From this data, calculate the cost of goods sold figure.. Accounts Bank Accounts Receivable Merchandise Inventory Supplies Automobile Equipment- Accounts Payable T. Lao, Capital Balances $ 1500 22 450 14 500 1 300 18 000 22 000 4 532 77 558 Accounts T. Lao, Drawings Sales Purchases Advertising Car Expense Rent Expense Utilities Expense Wages Expense Balances $12.000 82 600 41 300 1 100 5 500 9 000 2 150 13 890 4. Below are some accounts and their balances for a merchandising business. The ending inventory figure is $15,600. From this data, calculate the cost of goods sold figure.. Accounts Bank Accounts Receivable Merchandise Inventory Supplies Automobile Equipment- Accounts Payable T. Lao, Capital Balances $ 1500 22 450 14 500 1 300 18 000 22 000 4 532 77 558 Accounts T. Lao, Drawings Sales Purchases Advertising Car Expense Rent Expense Utilities Expense Wages Expense Balances $12.000 82 600 41 300 1 100 5 500 9 000 2 150 13 890

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The cost of goods sold COGS for a merchandising business can be calculated using the following f... View the full answer