Business
Business, 25.02.2020 21:48, blackops7959

At the end of last year, Games-2-Use had merchandise costing $140,000 in inventory. During January of the current year, the company purchased merchandise costing $102,000 and sold merchandise that it had purchased at a total cost of $84,000. Games-2-Use uses a perpetual inventory system.
The amount of goods transferred from the Inventory account to the Cost of Goods Sold account during January was:

a) $102,000.
b) $0.
c) $84,000.
d) $56,000.

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Answers: 3

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At the end of last year, Games-2-Use had merchandise costing $140,000 in inventory. During January o...

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