If beginning inventory is HK($600,000,) cost of goods purchased is HK($3,800,000,) and ending inventory is HK($500,000,) cost
Question:
If beginning inventory is HK\($600,000,\) cost of goods purchased is HK\($3,800,000,\) and ending inventory is HK\($500,000,\) cost of goods sold is:
a. HK\($3,900,000\).
b. HK\($3,700,000\).
c. HK\($3,300,000\).
d. HK\($4,200,000\).
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Step by Step Answer:
The correct answer is c HK3300000 Heres how to calculate the cost of good...View the full answer
Answered By
Diksha Bhasin
I have been taking online teaching classes from past 5 years, i.e.2013-2019 for students from classes 1st-10th. I also take online and home tuitions for classes 11th and 12th for subjects – Business Studies and Economics from past 3 years, i.e. from 2016-2019. I am eligible for tutoring Commerce graduates and post graduates. I am a responsible for staying in contact with my students and maintaining a high passing rate.
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Related Book For 
Financial Accounting With International Financial Reporting Standards
ISBN: 9781119787051
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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