The Hamlet Company uses the periodic inventory system. Information for 2018 is as follows:
Sa...
Business, 03.04.2020 15:04 mikurrjurdan
The Hamlet Company uses the periodic inventory system. Information for 2018 is as follows:
Sales - $ 2,650,000
Beginning inventory - 680,000
Purchases - 1,200,000
Purchase returns - 12,000
Ending inventory - 740,000
Hamlet's cost of goods sold for 2018 is:
a. $1,522,000
b. $1,188,000
c. $1,140,000
d. $1,128,000
Answers: 3
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