Anson Corp. has $20,000 worth of chairs on January 1st, 2018, and it bought $35,000 worth of chairs throughout 2018. If the company has $15,000 worth of chairs left on December 31st, 2018, what is the cost of goods sold in 2018? O a. $70,000 O b. $20,000 O c. $40,000 O d. $55,000

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
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Anson Corp. has $20,000 worth of chairs on January 1st, 2018, and it bought $35,000 worth of chairs throughout 2018.
If the company has $15,000 worth of chairs left on December 31st, 2018, what is the cost of goods sold in 2018?
O a. $70,000
b. $20,000
O c. $40,000
d. $55,000
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O Type here to search
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Transcribed Image Text:Anson Corp. has $20,000 worth of chairs on January 1st, 2018, and it bought $35,000 worth of chairs throughout 2018. If the company has $15,000 worth of chairs left on December 31st, 2018, what is the cost of goods sold in 2018? O a. $70,000 b. $20,000 O c. $40,000 d. $55,000 Previous page O Type here to search (23 ASUS
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