QUESTION 7 / 10
Which of the following is the BEST reason to use cash for making purchases?
A. Knowing what you have spent your money on is
simple.
B. Getting more cash from an ATM machine is easy to do.
C. Splitting bills with friends is easier.
D. Keeping track of how much you have spent is simple.
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Ответ:
d. $240,400
Explanation:
To calculate the Cost of Goods sold for the year we simply add the Opening Balance of Finished goods to the Cost of Goods for the year and then subtract the Finished goods balance at year end (ending).
That would be,
= 233,000 + 31,600 - 24,200
= $240,400
$240,400 is the Cost of Goods sold for the year so Option D is correct.