The ending inventory of Misty Harbor Co. is $77,000. If beginning inventory was $76,000 and goods available totaled $129,000, the cost of goods sold isO A. $76,00.O B. $52,000.O C. $53,000.O D. $128,000.O E. none of the above.answer

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the cost of goods sold is

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter13: Accounting For Merchandise Inventory

Section: Chapter Questions

Problem 1CE: LO1 If the ending inventory is overstated by 10,000, indicate what, if anything, is incorrect about...

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Question

The ending inventory of Misty Harbor Co. is $77,000. If beginning inventory was $76,000 and goods available totaled $129,000, the cost of goods sold is
O A. $76,00.
O B. $52,000.
O C. $53,000.
O D. $128,000.
O E. none of the above.
answer

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