question a company using the periodic inventory system has merchandiseinventory cost 4281731
Question
A company, using the periodic inventory system, has merchandiseinventory costing $210 on hand at the beginning of theperiod. During the period, merchandise costing $635 ispurchased. At year-end, merchandise inventory costing$145 is on hand. The cost of merchandise sold for theyear is
|
|
a. |
$685 |
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|
b. |
$795 |
|
|
c. |
$700 |
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|
d. |
$635 |