The following amounts relate to the current year for the Rod Buckley Company:
|
Beginning inventory |
$ 40,000 |
|
Ending inventory |
56,000 |
|
Purchases |
332,000 |
|
Purchase returns |
9,600 |
|
Freight-out |
12,000 |
The amount of cost of goods sold for the period is:
- $338,400.
- $325,600.
- $306,400.
- $294,400.