The following information is available from Carron Company's 2014 accounting records: Purchases ............................................ $530,000 Purchase discounts ................................... 10,000 Beginning inventory .................................. 160,000 Ending inventory ..................................... 215,000 Freight-out .......................................... 40,000
Carron's 2014 cost of goods sold is
a. $465,000.
b. $475,000.
c. $505,000.
d. $585,000.
A
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