Monte Vista uses the perpetual inventory system. At the beginning of the quarter, Monte Vista has $44,000 in inventory. During t

Exit: &lt;em&gt; implies quitting or requesting a change of roles within the same organization. &lt;/em&gt;
Voice: &lt;em&gt;involves providing constructive suggestions about a stressful situation. &lt;/em&gt;
Loyalty: &lt;em&gt; implies waiting for the issue to be solved by others. &lt;/em&gt;
Neglect: &lt;em&gt; involves reducing labor efficiency to harm the company's performance. &lt;/em&gt;

Question

2 years ago

7

Monte Vista uses the perpetual inventory system. At the beginning of the quarter, Monte Vista has $44,000 in inventory. During t

he quarter the company purchases $10,000 of new inventory from a vendor, returned $1,350 of inventory to the vendor, and took advantage of discounts from the vendor of $340. At the end of the quarter the balance in inventory is $33,500. What is the cost of goods sold

Business