Business, 04.04.2020 04:29 MAKYERAHWILLIAMS09

Monte Vista uses the perpetual inventory system. At the beginning of the quarter, Monte Vista has $46,000 in inventory. During the quarter the company purchases $10,300 of new inventory from a vendor, returned $800 of inventory to the vendor, and took advantage of discounts from the vendor of $360. At the end of the quarter the balance in inventory is $34,500. 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 $4...

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