For the current fiscal year, Purchases were $210,000, Purchases Returns and Allowances were $3,600 and Freight In was $15,000. If the beginning merchandise inventory was $140,000 and the ending merchandise inventory was $81,000, the Cost of Goods Sold is:

Answer rating: 100% (QA)

To calculate the Cost of Goods Sold COGS we can use the following formula COGS Beginning Merchandis... View the full answer