daydallas01
27.10.2021 •
Business
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Ответ:
Ответ:
b. $120,100.
Explanation:
The movements in the Inventories account over a period is as a result of goods manufactured (which results in an increase in the account balance) and goods sold ( which results in a decrease in inventory).
As such,
let the cost of goods sold be F
$30,200 + $114,500 - F = 24,600
$30,200 + $114,500 - 24,600 = F
F = $120,100
The cost of goods sold is $120,100.