WHAT IS THE COST SOLD FOR THE COMPANY?

Mathematics
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A SMALL BUSINESS HAD A STARTING INVENTORY OF $13,000 AND AN ENDING INVENTORY OF $10,000. DURING THE ACCOUNTING PERIOD, THE COMPANY PURCHASED $8,000 IN NEW INVENTORY. WHAT IS THE COST OF GOODS SOLD FOR THE COMPANY

Jul 25th, 2015

Thank you for the opportunity to help you with your question! Hi, He observes that work expands so as to fill the time available for its completion.

Opening stock    13000

add purchases     8000

less closing stock (10000)

sales = 13000+8000-10000
           = $ 11000

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Jul 25th, 2015

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