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###### Business · Accounting
Question details

Porches, Inc. sells lawn furniture. Selected financial information for the most recent year follows.

Beginning merchandise inventory on January 1 was

$33 comma 100$33,100.

Ending merchandise inventory on December 31 was

$35 comma 100$35,100.

Purchases during the year were

$92 comma 400$92,400.

Selling and administrative expenses were

$75 comma 900$75,900.

Sales for year were

$262 comma 200$262,200.

What was the cost of goods sold?

A.

$90 comma 400$90,400

B.

$93 comma 900$93,900

C.

$94 comma 400$94,400

D.

\$ 160 comma 600

Answer
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