A company reports the following information: Beginning inventory $ 11,000 Ending inventory 13,000 Expenses 7,000 Net purchases 23,000 Net sales 38,000 The company’s cost of goods sold equals:____________. a. $23,000 b. $34,000 c. $47,000 d. $21,000
I think it is B).$34,000 because they are net sales meaning they are after taxes and they wouldnt be getting the clean $38,000 so i that is why i think it is B
