Business, 13.03.2020 22:49 BaileyRyan8320

A company, using the periodic inventory system, has merchandise inventory costing $210 on hand at the beginning of the period. During the period, merchandise costing $635 is purchased. At year-end, merchandise inventory costing $160 is on hand. The cost of merchandise sold for the year is

Select one:

a. $265
b. $685
c. $795
d. $635

Answers: 1

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A company, using the periodic inventory system, has merchandise inventory costing $210 on hand at th...