Answer:
Cost of Goods Sold = $100,000,000
Explanation:
given data
gross sales of $300,000,000
returns = $10,000,000
beginning worth of inventory = $20,000,000
During year worth of inventory = $105,000,000
end year worth of inventory = $25,000,000
solution
we get here Cost of Goods Sold that is express as
Cost of Goods Sold = Cost of Goods purchased + Beginning Finished Goods Inventory - Ending Finished Goods Inventory .......................1
put here value we get
Cost of Goods Sold = $105,000,000 + $20,000,000 - $25,000,000
Cost of Goods Sold = $100,000,000
