Question: A company using the periodic inventory system has inventory costing $ 2 1 0 on hand at the beginning of a period. During the period,

A company using the periodic inventory system has inventory costing $210 on hand at the beginning of a period. During the period, merchandise costing $635 is purchased. At year-end, inventory costing $160 is on hand. The cost of goods sold for the year is
a. $685
b. $795
c. $635
d. $265
 A company using the periodic inventory system has inventory costing $210

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