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Business, 20.01.2020 21:31 redsakura

Âoaktree, inc. is a merchandiser of inlaid wooden boxes. the company sold 7,500 units during the year. the company has provided the followingâ information:

sales revenue $566,000
purchasesâ (excluding freightâ in) 305,000
selling and administrative expenses 68,000
freight in 13,000
beginning merchandise inventory 45,000
ending merchandise inventory 42,000

what is the cost of goods sold for theâ year?

a. $320,000
b. $362,000
c. $305,000
d. $318,000

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