Takenson Corp is a merchandising company that uses the periodic inventory system. Selected account balances are listed below: Sales $500,000 Purchases 225,000 Inventory (beginning) 16,000 Inventory (ending) 30,000 Operating Expenses 148,000 Income Tax Expense 10,000 Retained Earnings (beginning) 53,000 Dividends 15,000 Refer to information for Takenson Corp Calculate the cost of goods sold for

Takenson Corp
a. $275,000
b. $211,000
c. $241,000
d. $259,000


b

Business

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