4. Merchandising Operations

4. Merchandising Operations / Cost of Goods Sold - Perpetual Inventory vs. Periodic Inventory / Problem 3

Problem 3

If a company has a beginning inventory of \$8,000, purchases of \$4,000, and an ending inventory of \$2,000, what is the cost of goods sold?

\$6,000

\$14,000

\$12,000

\$10,000