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Business, 13.08.2021 03:00 jazlynreyes

Purrfect Pets uses the perpetual inventory system. At the beginning of the quarter Purrfect Pets has $30,000 in inventory. During the quarter the company purchases $7,900 of new inventory from a vendor, returned $700 of inventory to the vendor, and took advantage of discounts from the vendor of $200. At the end of the quarter the balance in inventory is $26,500. What is the cost of goods sold? a. $10,500
b. $11,400
c. $3,500
d. $11,900

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Purrfect Pets uses the perpetual inventory system. At the beginning of the quarter Purrfect Pets has...
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