Sophia ACC 201
Milestone 3
Retake Exam
Actual Questions and Revised Answers
Southern New Hampshire University
, lOMoARcPSD|51648332
18/18 that's 100%
RETAKE
18 questions were answered correctly.
1
Cost of Goods Sold
Beginning Inventory
Add: Purchases $67,500
Less: Purchase Discounts $5,200
Purchase Returns and Allowances $1,800
Net Purchases $60,500
Freight-in $4,800
Cost of Goods Purchased $65,300
Goods Available for Sale
Less: Ending Inventory
Total Cost of Goods Sold
Based on this information in this partial income statement, what is the total of the Goods
Available for Sale?
$65,300
$87,800
$83,000
$90,000
CONCEPT
Expanded Income Statement
Report an issue with this question
2
Beginning Inventory and Purchases
Purchased Units Unit Cost Tota
Downloaded by Benjamin Luca ()
Milestone 3
Retake Exam
Actual Questions and Revised Answers
Southern New Hampshire University
, lOMoARcPSD|51648332
18/18 that's 100%
RETAKE
18 questions were answered correctly.
1
Cost of Goods Sold
Beginning Inventory
Add: Purchases $67,500
Less: Purchase Discounts $5,200
Purchase Returns and Allowances $1,800
Net Purchases $60,500
Freight-in $4,800
Cost of Goods Purchased $65,300
Goods Available for Sale
Less: Ending Inventory
Total Cost of Goods Sold
Based on this information in this partial income statement, what is the total of the Goods
Available for Sale?
$65,300
$87,800
$83,000
$90,000
CONCEPT
Expanded Income Statement
Report an issue with this question
2
Beginning Inventory and Purchases
Purchased Units Unit Cost Tota
Downloaded by Benjamin Luca ()
