According to the information below, what is the cost of goods sold for a business that monitors its stocks using the perpetual inventory method ? TL Stock at the Beginning of the Period Buying During the Period Buying Returns Purchase Expenses Purchase Discounts End of Period Inventory 44,000 65,000 4,000 4,000 1,000 30,000 a) 98,000 TL B) 64,000 TL NS) 92.000 TL D) 96,000 TL TO) 78,000 TL

According to the information below, what is the cost of goods sold for a business that monitors its stocks using the perpetual inventory method ? TL Stock at the Beginning of the Period Buying During the Period Buying Returns Purchase Expenses Purchase Discounts End of Period Inventory 44,000 65,000 4,000 4,000 1,000 30,000 a) 98,000 TL B) 64,000 TL NS) 92.000 TL D) 96,000 TL TO) 78,000 TL

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.5P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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Question

21-

According to the information below, what is the cost of goods sold for a business that monitors its stocks using the perpetual inventory method ?

Stock at the Beginning of the Period

Buying During the Period

Buying Returns

Purchase Expenses

Purchase Discounts

End of Period Inventory

44,000

65,000

4,000

1,000

30,000

98,000 TL

64,000 TL

NS)

92.000 TL

96,000 TL

TO)

78,000 TL

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