Business, 13.02.2020 18:48 bm42400

Firm X purchased $30,000 worth of inventory when they opened for business, adding to the $20,000 included in the acquisition. At the end of the first quarter, inventory was valued at $23,000. What was cost of goods sold (COGS) for the quarter?

a. $23,000
b. $27,000
c. $30,000
d. $50,000

Answers: 2

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