Required information At the end of last year, Games-2-Use had merchandise costin

Question

Required information At the end of last year, Games-2-Use had merchandise costing $140,000 in inventory. During January of the current year, the company purchased merchandise costing $102,000, and sold merchandise that it had purchased at a total cost of $84,000. Games-2-Use uses a perpetual inventory system Part 3 of 3 The amount of goods transferred from the Inventory account to the Cost of Goods Sold account during January was: 3.33 points Multiple Choice Skipped Print $102,000. $0. $84,000. $56,000

Explanation / Answer

Ans:

The amount of goods transferred from the inventory account to the cost of goods sold account during January was: $102000.

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