guide leather goods reports that the lots of leather available for sale during the period the period total $32,920 and the ending inventory cost under FIFO method is $6,164. what is the final cost of merchandise sold?

$26,756
$39,084
$32,920
$6,164

Question

guide leather goods reports that the lots of leather available for sale during the period the period total $32,920 and the ending inventory cost under FIFO method is $6,164. what is the final cost of merchandise sold? 

$26,756 
$39,084
$32,920
$6,164

rissyroo118 · Answer

i believe i'd be subtracting 32,920-6,164
= 26,756?
@mathmate

thomas123 · Answer

i'd say

rissyroo118 · Answer

you think my answer was correct? @Thomas123

mathmate · Answer

Yes, your answer is correct.
Whether its FIFO or FILO, 
starting inventory - final inventory = merchandise sold.
IF AND ONLY IF there is no receipt of inventory during the period,