a-company-has-a-beginning-inventory-of-40000-purchases-of-60000-and-an-incorrect

Question

A company has a beginning inventory of $$40,000, purchases of 60$$,000, and an incorrect ending inventory of $25,000. Calculate the incorrect cost of goods sold for the first year.

Accepted Answer

$75,000

Answer

$85,000

Answer

$65,000

Answer

$95,000

A company has a beginning inventory of \$40,000, purchases of \$60,000, and an incorrect ending inventory of \$25,000. Calculate the incorrect cost of goods sold for the first year.