Tuity Fruity Beverage Company's operating activities for the year are listed below.

Purchases $140,600

Operating expenses 80,900

Beginning inventory 12,600

Ending inventory 18,600

Sales revenue 300,300

What is the cost of goods sold for the year?

A. $153, 200

B. $80, 900

C. $140, 600

D. $134, 600

D. $134, 600

Explanation:

Purchases $140,600

Operating expenses 80,900

Beginning inventory 12,600

Ending inventory 18,600

Sales revenue 300,300

Cost of Goods sold Formula:

Cost of Goods Sold = Beginning inventory + Purchases - Ending inventory

Cost of Goods Sold = 12600 + 140,600 - 18,600

Cost of Goods Sold = 134,600

The correct option is D. $134, 600.

D. $134, 600

Explanation:

If Tuity Fruity Beverage Company's operating activities for the year are listed below.

Purchases $140,600

Operating expenses 80,900

Beginning inventory 12,600

Ending inventory 18,600

Sales revenue 300,300

Then the cost of goods sold for the year using the T account formula, will be as follows:

Beginning Inventory + Purchases - Ending Inventory = Cost of Goods Sold.

Therefore Cost of Goods Sold = 12600+140600 - 18600 = $134,600