Strayer University - ACC 100 100 1)Merchandising Calculate the cost of goods sold for a business

Accounting Mar 27, 2021

Strayer University - ACC 100 100

1)Merchandising

Calculate the cost of goods sold for a business.

Milton's Tool and Tile sells a range of products. This week, the shipping department received 500 gallons of paint, purchased at a cost of $20 each, which were distributed among 18 stores. 420 were sold for $30 each across all stores.

The cost of goods sold equals .

a.) $8,400

b.) $15,000

c.) $10,000

d.) $2,600

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