A company's beginning inventory is $20,0, purchases for a period are $240,0, and ending inventory is $30,0. How much is cost of goods sold?

b.230

opening20+ purchase240-cl30=Cost of Good sold will be230$

(Beginning Inventory $20 + Purcahses $240) - Ending Inventory $30= cost of goods sold $230

therefore it must be B

Opening Inv+Purchases-Closing Inv = CGS (230$)

The cost of Goods sold  is $230.00

Anser is B

Cost of goods sold = Opening stock20 +net purchases240-Closing stock =230.

Cost of Goods Sold is230 dollars

CGS Cost of goods sold=

Opening stock

+ Purchases

- Closing Stock

Opening stock  $20

+ Purchases     $240

- Closing Stock $30

                          =$230/-

The answer is letter b. $230.....

Answer is $230

when using periodic method evaluation for inventory