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Business, 30.03.2020 22:34 bomniekay

Monte Vista uses the perpetual inventory system. At the beginning of the quarter, Monte Vista has $60,000 in inventory. During the quarter the company purchases $15,800 of new inventory from a vendor, returned $1,400 of inventory to the vendor, and took advantage of discounts from the vendor of $400. At the end of the quarter the balance in inventory is $53,000. What is the cost of goods sold?

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Monte Vista uses the perpetual inventory system. At the beginning of the quarter, Monte Vista has $6...
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