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stich3 [128]
3 years ago
13

A company started the year with $10,000 of inventory. Purchases for resale during the year were $20,000. Inventory on December 3

1 is $5,000. What's the cost of goods sold
Business
1 answer:
Monica [59]3 years ago
7 0

The inventory indicates that the cost of goods sold will be $25000.

<h3>How to calculate the cost of goods sold</h3>

It should be noted that the cost of goods sold ic calculated through the formula:

= Opening inventory + Purchases - Closing inventory

= $10000 + $20000 - $5000

= $25000

Therefore, the cost of goods sold is $25000.

Learn more about inventory on:

brainly.com/question/24868116

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#SPJ4

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