Travis corporation begins the year with $50,000 of tire inventory. the company purchases tires worth $150,000 during the year. at the end of the year, the purchase cost of remaining inventory is $30,000. what is the cost of goods sold?

$170,000

Explanation:

Given that,

Travis Corporation begins the year with $50,000 of tire inventory that means inventories in the beginning of the year.

Purchases of tires during the year = $150,000

At the end of the year,

Purchase cost of remaining inventory = $30,000

Therefore,

Cost of goods sold:

= Beginning inventories + Purchases - Ending inventories

= $50,000 + $150,000 - $30,000

= $200,000 - $30,000

= $170,000

the answer is b for dog

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