My business is a merchandising company. Last month the company's merchandise purchases totaled $86,000. The company's beginning merchandise inventory was $15,000 and its ending merchandise inventory was $11,000. What was the company's cost of goods sold for the month?© BrainMass Inc. brainmass.com October 1, 2020, 6:24 pm ad1c9bdddf
Cost of goods sold is given as
The solution explains the calculation of cost of goods sold.