Gulf Coast Boat Sales had a beginning inventory for June of $1,500,000. They purchased $275,000 in goods during June. Their income from sales was $900,000 with 15,500 in returns. Their ending inventory was 1,200,000. Their operating expenses were $80,000.

Question

Gulf Coast Boat Sales had a beginning inventory for June of $1,500,000.  They purchased $275,000 in goods during June.  Their income from sales was $900,000 with 15,500 in returns.  Their ending inventory was 1,200,000.  Their operating expenses were $80,000.

anonymous · Answer

What was the cost of goods sold?

lasttccasey · Answer

http://lmgtfy.com/?q=how+to+find+cost+of+goods+sold&l=1 Use the first equation on this site.

anonymous · Answer

Thank you. :)

lasttccasey · Answer

Your welcome. ~God bless

anonymous · Answer

Thank you so much!  God bless you too! :)