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A company that uses the periodic inventory method provides the following information: A company that uses the periodic inventory method provides the following information: At the end of the period, the company does an inventory count and finds $16 000 of inventory on hand. How much is the Cost of sales? A) $111 200 B) $108 000 C) $104 800 D) $128 800 At the end of the period, the company does an inventory count and finds $16 000 of inventory on hand. How much is the Cost of sales?


A) $111 200
B) $108 000
C) $104 800
D) $128 800

E) None of the above
F) B) and D)

Correct Answer

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