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Viktor [21]
3 years ago
7

Tuity Fruity Beverage​ Company's operating activities for the year are listed below. Purchases ​$140 comma 700 Operating expense

s 80 comma 400 Beginning inventory 12 comma 600 Ending inventory 19 comma 000 Sales revenue 300 comma 300 What is the cost of goods sold for the​ year?
Business
1 answer:
blsea [12.9K]3 years ago
3 0

Answer:

The cost of goods sold for the​ year is $134,300

Explanation:

The cost of goods sold for the​ year = Beginning inventory + Merchandise Purchased - Ending inventory

Tuity Fruity Beverage​ Company's purchases ​$140 comma 700 and has beginning inventory 12 comma 600, ending inventory 19 comma 000.

Therefore:

The cost of goods sold for the​ year = $12,600 + $140,700 - $19,000 = $134,300

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2. Sunshine Bakery bakes 660 loaves of bread each day and estimates that 10% of the bread will go stale before it is
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