Bocchini Corporation has provided the following data concerning last month's operations. How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold?

A) $165,000
B) $163,000
C) $169,000
D) $202,000

Question

Bocchini Corporation has provided the following data concerning last month's operations.

How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold?

A) $165,000
B) $163,000
C) $169,000
D) $202,000

(K12_HN) Hoang Hai Long · Accepted Answer

Final Answer : A, Explanation :  The unadjusted cost of goods sold can be calculated by adding the beginning inventory to purchases and then subtracting ending inventory.Unadjusted Cost of Goods Sold = Beginning Inventory + Purchases - Ending Inventory= $40,000 + $140,000 - $15,000= $165,000Therefore, the correct answer is A) $165,000.

Bocchini Corporation has provided the following data concerning last month's operations. How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold?

A) $165,000
B) $163,000
C) $169,000
D) $202,000

Definitions

Learning Objectives

Learning Objectives

Related questions

Bocchini Corporation has provided the following data concerning last month's operations. How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold?A) $165,000B) $163,000C) $169,000D) $202,000

Definitions

Learning Objectives

Learning Objectives

Related questions

Bocchini Corporation has provided the following data concerning last month's operations. How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold?

A) $165,000
B) $163,000
C) $169,000
D) $202,000