Salon ABC orderd the following items. Beginning inventory First purchased Second purchase Goods available for Sale Ending inventory Cost of goods sold Year 1 80,000 88,000 54,000 66,000 75,000 Year 2 93,000 85,000 62, 000 65,000 54,000 $ Calculate the cost of goods sold for the Year 2 at the end of the period.

Salon ABC orderd the following items. Beginning inventory First purchased Second purchase Goods available for Sale Ending inventory Cost of goods sold Year 1 80,000 88,000 54,000 66,000 75,000 Year 2 93,000 85,000 62, 000 65,000 54,000 $ Calculate the cost of goods sold for the Year 2 at the end of the period.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 7MCQ

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