Kizspy | Question: 31
(Choose 1 answer)
A company using a periodic inventory system had a beginning inventory of $20,000. During the period, they
purchased merchandise worth $60,000. At the end of the period, the physical count of inventory was $15,000.
Calculate the cost of goods sold for the period.
A. $75,000
B. $65,000
C. $60,000
D. $55,000
E. $45,000
