Question: Consider the following information: Ending inventory, $24,000; Sales $250,000; Beginning inventory, $30,000; Selling & administrative expenses, $70,000; and Purchases, $90,000. What is the Cost

Consider the following information: Ending inventory, $24,000; Sales $250,000; Beginning inventory, $30,000;

Consider the following information: Ending inventory, $24,000; Sales $250,000; Beginning inventory, $30,000; Selling & administrative expenses, $70,000; and Purchases, $90,000. What is the Cost of Goods Sold? a) $86,000 b) $94,000 c) $96,000 d) $84,000

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