given-a-beginning-inventory-of-50000-purchases-of-75000-and-an-incorrect-ending-

Question

Given a beginning inventory of $$50,000, purchases of 75$$,000, and an incorrect ending inventory of $35,000, calculate the incorrect cost of goods sold for the first year.

Accepted Answer

$90,000

Answer

$100,000

Answer

$85,000

Answer

$95,000

Given a beginning inventory of \$50,000, purchases of \$75,000, and an incorrect ending inventory of \$35,000, calculate the incorrect cost of goods sold for the first year.