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18 June, 05:12

Aster Inc. is a trading firm. It has $5,500 worth of inventory at the beginning of the year. It made purchases worth $10,700 during the year. At the end of the year, the stock was valued at $3,700. What is the value of Aster Inc.'s cost of goods sold for the year?

A. $16,200

B. $19,900

C. $12,500

D. $8,900

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Answers (1)
  1. 18 June, 08:00
    0
    (Begging inventory+purchase) - ending inventory

    (5,500+10,700) - 3,700=12,500
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